Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Ruffer LLP

Ruffer LLP lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 265,927 shares of the mining company’s stock after selling 7,180 shares during the period. Agnico Eagle Mines accounts for 0.8% of Ruffer LLP’s investment portfolio, making the stock its 29th biggest holding. Ruffer LLP’s holdings in Agnico Eagle Mines were worth $20,798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its stake in Agnico Eagle Mines by 43.5% in the third quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after purchasing an additional 4,562,005 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Agnico Eagle Mines by 16.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock worth $474,660,000 after acquiring an additional 817,240 shares in the last quarter. Van ECK Associates Corp lifted its position in Agnico Eagle Mines by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock valued at $1,745,858,000 after acquiring an additional 778,919 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Agnico Eagle Mines by 262.5% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company’s stock valued at $85,413,000 after acquiring an additional 767,912 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $52,503,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AEM. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a report on Tuesday, February 4th. StockNews.com downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Scotiabank lifted their target price on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. TD Securities decreased their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada lifted their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average target price of $95.78.

Agnico Eagle Mines Trading Up 1.0 %

NYSE AEM opened at $98.85 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 52-week low of $54.02 and a 52-week high of $101.45. The stock has a market capitalization of $49.71 billion, a P/E ratio of 26.15, a P/E/G ratio of 0.66 and a beta of 1.00. The firm has a 50-day moving average price of $91.32 and a 200 day moving average price of $85.38.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. Equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.62%. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.