Nkcfo LLC Has $25.82 Million Position in Agnico Eagle Mines Limited (NYSE:AEM)

Nkcfo LLC reduced its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 330,133 shares of the mining company’s stock after selling 12,000 shares during the period. Agnico Eagle Mines comprises approximately 11.4% of Nkcfo LLC’s portfolio, making the stock its 2nd largest holding. Nkcfo LLC’s holdings in Agnico Eagle Mines were worth $25,820,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Creative Planning boosted its position in Agnico Eagle Mines by 28.7% during the 3rd quarter. Creative Planning now owns 37,876 shares of the mining company’s stock valued at $3,051,000 after purchasing an additional 8,456 shares during the period. Generate Investment Management Ltd grew its position in shares of Agnico Eagle Mines by 57.0% during the third quarter. Generate Investment Management Ltd now owns 311,818 shares of the mining company’s stock worth $25,120,000 after acquiring an additional 113,178 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Agnico Eagle Mines by 124.2% in the 3rd quarter. Blue Trust Inc. now owns 3,663 shares of the mining company’s stock worth $295,000 after acquiring an additional 2,029 shares during the period. Veracity Capital LLC acquired a new stake in shares of Agnico Eagle Mines in the 3rd quarter worth about $231,000. Finally, Pure Portfolios Holdings LLC bought a new stake in Agnico Eagle Mines in the 3rd quarter valued at about $315,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on AEM. Royal Bank of Canada upped their target price on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Scotiabank raised their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group boosted their price target 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.75.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $95.75 on Friday. Agnico Eagle Mines Limited has a one year low of $45.75 and a one year high of $101.45. The company has a 50-day moving average of $86.51 and a two-hundred day moving average of $83.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The stock has a market cap of $48.09 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 0.66 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data 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 8.88% and a net margin of 12.86%. On average, equities research analysts expect that Agnico Eagle Mines Limited will post 4.14 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

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

Agnico Eagle Mines 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.