Evanson Asset Management LLC Has $210,000 Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Evanson Asset Management LLC lessened its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 15.5% during the fourth quarter, Holdings Channel reports. The firm owned 3,823 shares of the mining company’s stock after selling 703 shares during the period. Evanson Asset Management LLC’s holdings in Agnico Eagle Mines were worth $210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEM. Coppell Advisory Solutions Corp. bought a new position in Agnico Eagle Mines during the fourth quarter worth about $26,000. Bruce G. Allen Investments LLC bought a new position in shares of Agnico Eagle Mines in the fourth quarter worth approximately $33,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Agnico Eagle Mines during the 3rd quarter valued at about $34,000. CVA Family Office LLC purchased a new position in shares of Agnico Eagle Mines during the fourth quarter worth approximately $36,000. Finally, Almanack Investment Partners LLC. bought a new position in Agnico Eagle Mines during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock traded up $1.79 during mid-day trading on Thursday, reaching $59.64. 4,761,913 shares of the company traded hands, compared to its average volume of 3,114,636. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.09 and a quick ratio of 0.74. The firm’s fifty day moving average is $50.83 and its two-hundred day moving average is $50.31. The company has a market capitalization of $29.70 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 24.36 and a beta of 1.03. Agnico Eagle Mines Limited has a fifty-two week low of $43.22 and a fifty-two week high of $61.15.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. On average, equities research analysts expect that Agnico Eagle Mines Limited will post 2.3 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.68%. Agnico Eagle Mines’s dividend payout ratio is currently 38.93%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AEM shares. TD Securities reduced their price objective on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Raymond James upped their target price on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a report on Friday, January 12th. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Wednesday, January 3rd. Jefferies Financial Group started coverage on Agnico Eagle Mines in a research report on Thursday, February 29th. They issued a “hold” rating and a $54.00 price target for the company. Finally, CIBC decreased their price objective on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.71.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. 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.