Lee Danner & Bass Inc. Sells 2,011 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Lee Danner & Bass Inc. decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,570 shares of the mining company’s stock after selling 2,011 shares during the period. Agnico Eagle Mines makes up about 0.8% of Lee Danner & Bass Inc.’s holdings, making the stock its 29th largest holding. Lee Danner & Bass Inc.’s holdings in Agnico Eagle Mines were worth $10,525,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Agnico Eagle Mines by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock valued at $91,681,000 after buying an additional 32,991 shares during the period. Bridgewater Associates LP boosted its stake in Agnico Eagle Mines by 123.2% during the third quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock valued at $16,448,000 after buying an additional 112,712 shares during the period. Jones Financial Companies Lllp boosted its stake in Agnico Eagle Mines by 78.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company’s stock valued at $255,000 after buying an additional 1,431 shares during the period. Caldwell Investment Management Ltd. boosted its stake in Agnico Eagle Mines by 12.0% during the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock valued at $6,812,000 after buying an additional 9,400 shares during the period. Finally, Forsta AP Fonden boosted its stake in Agnico Eagle Mines by 8.9% during the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock valued at $15,256,000 after buying an additional 16,000 shares during the period. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AEM shares. TD Securities dropped their price objective on 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. Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday. Royal Bank of Canada lifted their price target 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. StockNews.com lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Scotiabank lifted their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus target price of $95.78.

Agnico Eagle Mines Stock Down 0.0 %

AEM opened at $105.44 on Friday. The company has a market cap of $53.04 billion, a P/E ratio of 27.90, a P/E/G ratio of 0.66 and a beta of 1.00. The business’s 50-day moving average price is $95.37 and its 200-day moving average price is $86.66. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 12 month low of $55.64 and a 12 month high of $107.88.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data 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 return on equity of 10.45% and a net margin of 22.88%. On average, equities analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.52%. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

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.