National Bank of Canada FI Has $169.30 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

National Bank of Canada FI decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,132,634 shares of the mining company’s stock after selling 244,362 shares during the quarter. National Bank of Canada FI owned approximately 0.63% of Agnico Eagle Mines worth $169,297,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Blair William & Co. IL raised its stake in shares of Agnico Eagle Mines by 5.9% in the 3rd quarter. Blair William & Co. IL now owns 23,718 shares of the mining company’s stock valued at $1,078,000 after acquiring an additional 1,313 shares in the last quarter. Raymond James & Associates grew its position in shares of Agnico Eagle Mines by 15.5% in the fourth quarter. Raymond James & Associates now owns 364,440 shares of the mining company’s stock valued at $19,990,000 after purchasing an additional 48,782 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Agnico Eagle Mines by 5.7% in the third quarter. Wellington Management Group LLP now owns 632,403 shares of the mining company’s stock worth $28,752,000 after purchasing an additional 34,072 shares during the period. Beck Bode LLC acquired a new position in shares of Agnico Eagle Mines during the 4th quarter worth about $1,318,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in Agnico Eagle Mines during the 4th quarter valued at approximately $41,610,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 0.1 %

AEM traded down $0.08 during mid-day trading on Friday, reaching $65.04. The stock had a trading volume of 1,909,377 shares, compared to its average volume of 3,578,693. The firm’s fifty day simple moving average is $58.51 and its two-hundred day simple moving average is $53.18. The stock has a market capitalization of $32.43 billion, a P/E ratio of 68.48, a P/E/G ratio of 0.76 and a beta of 1.04. Agnico Eagle Mines Limited has a 52 week low of $43.22 and a 52 week high of $67.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 2.21.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the business posted $0.57 EPS. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, equities 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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, May 31st. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 168.42%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup upped their price target on Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday. TD Securities boosted their price target on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday. Jefferies Financial Group raised their price objective on Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Raymond James boosted their price objective on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.