Agnico Eagle Mines Limited (NYSE:AEM) is St. James Investment Company LLC’s 3rd Largest Position

St. James Investment Company LLC lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 543,123 shares of the mining company’s stock after selling 17,545 shares during the quarter. Agnico Eagle Mines accounts for about 7.3% of St. James Investment Company LLC’s holdings, making the stock its 3rd biggest position. St. James Investment Company LLC owned approximately 0.11% of Agnico Eagle Mines worth $42,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Everstar Asset Management LLC lifted its stake in shares of Agnico Eagle Mines by 6.5% in the fourth quarter. Everstar Asset Management LLC now owns 5,888 shares of the mining company’s stock valued at $460,000 after purchasing an additional 357 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of Agnico Eagle Mines by 5.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 114,253 shares of the mining company’s stock valued at $8,929,000 after acquiring an additional 5,466 shares during the period. Delos Wealth Advisors LLC boosted its stake in shares of Agnico Eagle Mines by 5.3% during the 4th quarter. Delos Wealth Advisors LLC now owns 42,741 shares of the mining company’s stock worth $3,343,000 after acquiring an additional 2,148 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Agnico Eagle Mines by 6.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,919 shares of the mining company’s stock worth $243,000 after acquiring an additional 174 shares during the period. Finally, Schroder Investment Management Group increased its stake in Agnico Eagle Mines by 52.9% in the 4th quarter. Schroder Investment Management Group now owns 351,274 shares of the mining company’s stock valued at $27,347,000 after purchasing an additional 121,502 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $107.34 on Monday. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $53.99 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. The business’s 50-day moving average price is $97.96 and its 200 day moving average price is $87.91. Agnico Eagle Mines Limited has a twelve month low of $60.15 and a twelve month high of $110.36.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its 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%. On average, research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.49%. Agnico Eagle Mines’s payout ratio is 42.33%.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. TD Securities lowered their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. Raymond James set a $105.00 price target on shares of Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Finally, StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.