Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 69.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,124 shares of the mining company’s stock after selling 2,539 shares during the period. Blue Trust Inc.’s holdings in Agnico Eagle Mines were worth $88,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Aries Wealth Management lifted its holdings in shares of Agnico Eagle Mines by 2.6% in the fourth quarter. Aries Wealth Management now owns 11,916 shares of the mining company’s stock valued at $932,000 after buying an additional 300 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Agnico Eagle Mines by 3.6% during the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock valued at $1,745,858,000 after purchasing an additional 778,919 shares during the last quarter. Louisbourg Investments Inc. lifted its holdings in shares of Agnico Eagle Mines by 5.5% during the fourth quarter. Louisbourg Investments Inc. now owns 32,700 shares of the mining company’s stock valued at $2,557,000 after purchasing an additional 1,700 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Agnico Eagle Mines by 243.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 504,522 shares of the mining company’s stock valued at $39,431,000 after purchasing an additional 357,696 shares during the last quarter. Finally, Compound Global Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at $782,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $96.09 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. Agnico Eagle Mines Limited has a fifty-two week low of $47.73 and a fifty-two week high of $101.45. The stock’s 50-day moving average is $87.71 and its two-hundred day moving average is $83.98. The firm has a market cap of $48.32 billion, a P/E ratio of 25.42, a PEG ratio of 0.67 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share 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%. Analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.67%. The ex-dividend date is Friday, February 28th. Agnico Eagle Mines’s payout ratio is currently 42.33%.

Analysts Set New Price Targets

Several brokerages have recently commented on AEM. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a report on Tuesday, February 4th. Scotiabank upped their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. StockNews.com raised Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a report on Monday, February 17th. Royal Bank of Canada upped their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, TD Securities reduced 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. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and an average 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.