FSA Wealth Management LLC Has $47,000 Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

FSA Wealth Management LLC reduced its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 607 shares of the mining company’s stock after selling 114 shares during the quarter. FSA Wealth Management LLC’s holdings in Agnico Eagle Mines were worth $47,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its stake in shares of Agnico Eagle Mines by 78.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company’s stock valued at $255,000 after acquiring an additional 1,431 shares during the period. Caldwell Investment Management Ltd. increased its holdings in shares of Agnico Eagle Mines by 12.0% during the 4th quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock worth $6,812,000 after acquiring an additional 9,400 shares during the last quarter. Forsta AP Fonden boosted its stake in shares of Agnico Eagle Mines by 8.9% in the fourth quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock valued at $15,256,000 after buying an additional 16,000 shares during the period. Resonant Capital Advisors LLC bought a new position in Agnico Eagle Mines in the fourth quarter valued at about $208,000. Finally, US Bancorp DE grew its position in Agnico Eagle Mines by 2.7% during the 4th quarter. US Bancorp DE now owns 6,770 shares of the mining company’s stock worth $529,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $123.59 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The company has a market capitalization of $62.20 billion, a P/E ratio of 32.70, a P/E/G ratio of 0.66 and a beta of 0.87. The company has a fifty day moving average of $104.32 and a 200-day moving average of $91.53. Agnico Eagle Mines Limited has a 52-week low of $61.56 and a 52-week high of $127.61.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted 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 return on equity of 10.45% and a net margin of 22.88%. As a group, equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is presently 42.33%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AEM shares. TD Securities dropped their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. BMO Capital Markets started coverage on Agnico Eagle Mines in a research report on Wednesday, April 16th. They set an “outperform” rating and a $181.00 price target for the company. Royal Bank of Canada upped their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. Finally, Bank of America boosted their target price on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $124.40.

Agnico Eagle Mines Company 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.