Agnico Eagle Mines Limited $AEM Stock Position Decreased by St. James Investment Company LLC

St. James Investment Company LLC lessened its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 240,693 shares of the mining company’s stock after selling 3,442 shares during the quarter. Agnico Eagle Mines makes up about 6.5% of St. James Investment Company LLC’s portfolio, making the stock its 5th largest holding. St. James Investment Company LLC’s holdings in Agnico Eagle Mines were worth $40,805,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MCF Advisors LLC purchased a new position in Agnico Eagle Mines during the third quarter worth approximately $34,000. Abound Wealth Management lifted its position in Agnico Eagle Mines by 99.0% during the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock worth $35,000 after buying an additional 104 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in Agnico Eagle Mines during the fourth quarter worth approximately $35,000. Caitlin John LLC purchased a new position in Agnico Eagle Mines during the third quarter worth approximately $36,000. Finally, Bangor Savings Bank purchased a new position in Agnico Eagle Mines during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

NYSE:AEM opened at $197.11 on Wednesday. Agnico Eagle Mines Limited has a 52 week low of $103.38 and a 52 week high of $255.24. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $98.65 billion, a P/E ratio of 18.53, a P/E/G ratio of 4.31 and a beta of 0.58. The stock’s fifty day moving average is $205.61 and its two-hundred day moving average is $192.74.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the business earned $1.53 earnings per share. The company’s revenue for the quarter was up 66.1% on a year-over-year basis. Equities analysts expect that Agnico Eagle Mines Limited will post 13.09 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.45 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Agnico Eagle Mines’s payout ratio is currently 16.92%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Raymond James Financial reiterated an “outperform” rating and set a $225.00 price objective on shares of Agnico Eagle Mines in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price objective on Agnico Eagle Mines from $220.00 to $222.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. UBS Group reduced their price objective on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Weiss Ratings downgraded Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, April 29th. Finally, ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average price target of $238.18.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.