Cannell & Spears LLC Has $41.81 Million Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Cannell & Spears LLC trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 534,581 shares of the mining company’s stock after selling 4,700 shares during the period. Cannell & Spears LLC owned 0.11% of Agnico Eagle Mines worth $41,810,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AEM. Versant Capital Management Inc acquired a new stake in Agnico Eagle Mines during the 4th quarter valued at $26,000. Smartleaf Asset Management LLC raised its position in shares of Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after purchasing an additional 318 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter worth about $29,000. Fifth Third Bancorp boosted its holdings in shares of Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after buying an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. grew its stake in Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after buying an additional 112 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Price Performance

AEM stock opened at $107.34 on Monday. The company’s 50-day moving average price is $97.96 and its two-hundred day moving average price is $87.91. The firm has a market cap of $53.99 billion, a P/E ratio of 28.40, a P/E/G ratio of 0.66 and a beta of 1.00. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 12 month low of $60.15 and a 12 month high of $110.36.

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 analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. On average, analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 42.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, March 21st. Scotiabank increased their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target 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.