PYA Waltman Capital LLC Decreases Position in Agnico Eagle Mines Limited (NYSE:AEM)

PYA Waltman Capital LLC reduced its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,835 shares of the mining company’s stock after selling 335 shares during the period. PYA Waltman Capital LLC’s holdings in Agnico Eagle Mines were worth $378,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $29,000. Fifth Third Bancorp boosted its position in Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after purchasing an additional 260 shares in the last quarter. Montag A & Associates Inc. boosted its position in Agnico Eagle Mines by 85.2% in the 4th quarter. Montag A & Associates Inc. now owns 500 shares of the mining company’s stock worth $39,000 after purchasing an additional 230 shares in the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the 3rd quarter worth approximately $48,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 0.0 %

Shares of NYSE:AEM opened at $98.01 on Friday. The firm’s 50-day moving average is $87.46 and its two-hundred day moving average is $83.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. Agnico Eagle Mines Limited has a 1 year low of $47.73 and a 1 year high of $101.45. The firm has a market capitalization of $49.29 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 0.65 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 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 predict that Agnico Eagle Mines Limited will post 4.7 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.63%. Agnico Eagle Mines’s payout ratio is currently 42.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Jefferies Financial Group upped their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. StockNews.com upgraded Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Monday. Royal Bank of Canada boosted their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. TD Securities cut their target price on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Scotiabank lifted their price objective on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $94.63.

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.