Agnico Eagle Mines Limited (NYSE:AEM) Stake Decreased by Nkcfo LLC

Nkcfo LLC lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 326,733 shares of the mining company’s stock after selling 3,000 shares during the quarter. Agnico Eagle Mines accounts for 9.7% of Nkcfo LLC’s investment portfolio, making the stock its 2nd biggest position. Nkcfo LLC’s holdings in Agnico Eagle Mines were worth $17,921,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC purchased a new position in Agnico Eagle Mines in the 4th quarter worth $33,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Agnico Eagle Mines in the third quarter valued at about $34,000. CVA Family Office LLC bought a new position in shares of Agnico Eagle Mines during the fourth quarter valued at about $36,000. Anchor Investment Management LLC purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter worth about $55,000. Finally, Assetmark Inc. bought a new stake in shares of Agnico Eagle Mines in the third quarter worth about $87,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 0.1 %

Shares of AEM stock traded down $0.08 during midday trading on Friday, reaching $65.04. 1,909,377 shares of the stock were exchanged, compared to its average volume of 3,578,693. Agnico Eagle Mines Limited has a 1 year low of $43.22 and a 1 year high of $67.80. The company’s 50 day moving average is $58.51 and its two-hundred day moving average is $53.21. The company has a current ratio of 2.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. The firm has a market cap of $32.43 billion, a PE ratio of 68.46, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, April 25th. The mining company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.16. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the business earned $0.57 EPS. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, equities research analysts predict that Agnico Eagle Mines Limited will post 3.23 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.46%. Agnico Eagle Mines’s dividend payout ratio is currently 168.42%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AEM shares. Citigroup boosted their price target on Agnico Eagle Mines from $65.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Jefferies Financial Group boosted their price target on Agnico Eagle Mines from $54.00 to $57.00 and gave the company a “hold” rating in a report on Monday, April 22nd. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. CIBC boosted their price target on Agnico Eagle Mines from $80.00 to $81.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Finally, Raymond James boosted their price target on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a report on Friday, January 12th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

About Agnico Eagle Mines

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.