Envestnet Portfolio Solutions Inc. Has $2.87 Million Position in Agnico Eagle Mines Limited (NYSE:AEM)

Envestnet Portfolio Solutions Inc. cut its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,631 shares of the mining company’s stock after selling 1,622 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Agnico Eagle Mines were worth $2,865,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Agnico Eagle Mines by 1.4% during the third quarter. Principal Financial Group Inc. now owns 21,822 shares of the mining company’s stock worth $1,760,000 after acquiring an additional 302 shares in the last quarter. Atria Investments Inc bought a new position in shares of Agnico Eagle Mines during the 3rd quarter valued at about $239,000. Natixis Advisors LLC grew its position in shares of Agnico Eagle Mines by 8.9% in the 3rd quarter. Natixis Advisors LLC now owns 86,621 shares of the mining company’s stock valued at $6,978,000 after purchasing an additional 7,099 shares during the period. LMR Partners LLP bought a new stake in Agnico Eagle Mines during the 3rd quarter worth approximately $244,000. Finally, Pathstone Holdings LLC raised its holdings in Agnico Eagle Mines by 1.4% during the 3rd quarter. Pathstone Holdings LLC now owns 16,468 shares of the mining company’s stock worth $1,327,000 after buying an additional 230 shares during the period. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Down 0.3 %

AEM stock opened at $105.52 on Thursday. Agnico Eagle Mines Limited has a twelve month low of $54.02 and a twelve month high of $107.88. The company has a market cap of $53.07 billion, a price-to-earnings ratio of 27.91, 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. The business has a 50 day moving average price of $94.93 and a two-hundred day moving average price of $86.53.

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 analysts’ consensus estimates 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 anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.52%. Agnico Eagle Mines’s payout ratio is 42.33%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AEM. Scotiabank upped their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Jefferies Financial Group upped their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Royal Bank of Canada lifted their price target on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate 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.