Heathbridge Capital Management Ltd. Sells 63,000 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Heathbridge Capital Management Ltd. cut its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 25.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 187,800 shares of the mining company’s stock after selling 63,000 shares during the period. Agnico Eagle Mines makes up approximately 5.8% of Heathbridge Capital Management Ltd.’s holdings, making the stock its 6th biggest position. Heathbridge Capital Management Ltd.’s holdings in Agnico Eagle Mines were worth $14,678,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AEM. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $29,000. FSC Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the third quarter valued at $32,000. Fifth Third Bancorp boosted its position in shares of Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after purchasing an additional 260 shares during the period. Finally, Montag A & Associates Inc. increased its stake in Agnico Eagle Mines by 85.2% in the 4th quarter. Montag A & Associates Inc. now owns 500 shares of the mining company’s stock worth $39,000 after purchasing an additional 230 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on AEM shares. Royal Bank of Canada upped their price objective 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. Jefferies Financial Group upped their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. Finally, Scotiabank lifted their price objective on shares of 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.75.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM opened at $95.75 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. Agnico Eagle Mines Limited has a one year low of $45.75 and a one year high of $101.45. The business’s 50-day moving average price is $86.51 and its two-hundred day moving average price is $83.22. The company has a market capitalization of $48.09 billion, a P/E ratio of 47.87, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results 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 net margin of 12.86% and a return on equity of 8.88%. Analysts anticipate that Agnico Eagle Mines Limited will post 4.14 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. Agnico Eagle Mines’s dividend payout ratio is currently 80.00%.

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.