Norden Group LLC Reduces Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Norden Group LLC cut its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,908 shares of the mining company’s stock after selling 204 shares during the period. Norden Group LLC’s holdings in Agnico Eagle Mines were worth $1,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC grew its position in shares of Agnico Eagle Mines by 10.0% in the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 6,600 shares of the mining company’s stock valued at $516,000 after purchasing an additional 600 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after acquiring an additional 318 shares during the period. Duncker Streett & Co. Inc. grew its position in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after acquiring an additional 112 shares during the period. Capital Wealth Planning LLC grew its position in Agnico Eagle Mines by 41.9% in the fourth quarter. Capital Wealth Planning LLC now owns 59,055 shares of the mining company’s stock worth $4,619,000 after acquiring an additional 17,452 shares during the period. Finally, Metis Global Partners LLC grew its position in Agnico Eagle Mines by 6.3% in the fourth quarter. Metis Global Partners LLC now owns 55,180 shares of the mining company’s stock worth $4,317,000 after acquiring an additional 3,281 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Up 1.4 %

Shares of NYSE AEM opened at $96.43 on Friday. The stock has a market cap of $48.50 billion, a P/E ratio of 25.51, a PEG ratio of 0.66 and a beta of 1.10. 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 $47.73 and a 12-month high of $101.45. The business’s fifty day simple moving average is $89.44 and its 200-day simple moving average is $84.75.

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

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

Analyst Upgrades and Downgrades

AEM has been the subject of several analyst reports. Royal Bank of Canada increased their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. TD Securities lowered their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group upped their price target 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 equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.78.

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.