Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Game Creek Capital LP

Game Creek Capital LP lessened its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,750 shares of the mining company’s stock after selling 250 shares during the quarter. Game Creek Capital LP’s holdings in Agnico Eagle Mines were worth $1,701,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AEM. Van ECK Associates Corp increased its holdings in Agnico Eagle Mines by 3.6% during the 4th quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock worth $1,745,858,000 after purchasing an additional 778,919 shares during the last quarter. Vanguard Group Inc. grew its holdings in Agnico Eagle Mines by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company’s stock worth $1,554,180,000 after buying an additional 331,087 shares in the last quarter. Capital World Investors lifted its position in Agnico Eagle Mines by 41.9% in the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company’s stock worth $1,091,550,000 after purchasing an additional 4,121,164 shares during the period. Deutsche Bank AG raised its stake in shares of Agnico Eagle Mines by 0.7% in the 4th quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company’s stock worth $932,008,000 after buying an additional 87,410 shares in the last quarter. Finally, Norges Bank bought a new position in Agnico Eagle Mines during the fourth quarter valued at about $573,446,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

AEM opened at $117.04 on Friday. The company has a fifty day moving average price of $109.90 and a two-hundred day moving average price of $94.79. The firm has a market capitalization of $58.90 billion, a PE ratio of 30.96, a P/E/G ratio of 0.66 and a beta of 0.54. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. Agnico Eagle Mines Limited has a 52 week low of $63.01 and a 52 week high of $126.76.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The firm had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. The company’s revenue was up 34.9% on a year-over-year basis. As a group, analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines’s dividend payout ratio is presently 34.04%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. Scotiabank reiterated an “outperform” rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. UBS Group lifted their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, April 11th. Finally, Raymond James lifted their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $124.40.

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.