Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Blue Trust Inc.

Blue Trust Inc. trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 69.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,124 shares of the mining company’s stock after selling 2,539 shares during the period. Blue Trust Inc.’s holdings in Agnico Eagle Mines were worth $88,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Creative Planning raised its position in shares of Agnico Eagle Mines by 28.7% during the 3rd quarter. Creative Planning now owns 37,876 shares of the mining company’s stock valued at $3,051,000 after acquiring an additional 8,456 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at approximately $209,000. International Assets Investment Management LLC acquired a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at approximately $121,820,000. Brighton Jones LLC acquired a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at approximately $232,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Agnico Eagle Mines by 12.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,744 shares of the mining company’s stock valued at $1,350,000 after acquiring an additional 1,916 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Down 2.0 %

NYSE:AEM opened at $96.09 on Friday. Agnico Eagle Mines Limited has a 1 year low of $47.73 and a 1 year high of $101.45. The stock has a market cap of $48.32 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 0.67 and a beta of 1.10. The business has a fifty day moving average of $87.71 and a 200-day moving average of $83.98. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86.

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

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.67%. Agnico Eagle Mines’s payout ratio is 42.33%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AEM shares. TD Securities dropped their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday. Raymond James set a $105.00 price target on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. StockNews.com upgraded Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 17th. Royal Bank of Canada upped their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, Jefferies Financial Group upped their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $95.78.

Agnico Eagle Mines Company 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.