Agnico Eagle Mines Limited $AEM Stake Lowered by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 19.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,600 shares of the mining company’s stock after selling 4,815 shares during the period. Crossmark Global Holdings Inc.’s holdings in Agnico Eagle Mines were worth $3,323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Koshinski Asset Management Inc. acquired a new position in Agnico Eagle Mines during the 4th quarter valued at approximately $387,000. Violich Capital Management Inc. grew its stake in Agnico Eagle Mines by 26.7% during the 4th quarter. Violich Capital Management Inc. now owns 53,273 shares of the mining company’s stock worth $9,031,000 after buying an additional 11,243 shares during the last quarter. International Assets Investment Management LLC bought a new position in Agnico Eagle Mines during the 4th quarter worth $236,000. Geneva Partners LLC grew its stake in Agnico Eagle Mines by 31.1% during the 4th quarter. Geneva Partners LLC now owns 36,235 shares of the mining company’s stock worth $6,143,000 after buying an additional 8,606 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. grew its stake in Agnico Eagle Mines by 2.3% during the 4th quarter. ASR Vermogensbeheer N.V. now owns 13,446 shares of the mining company’s stock worth $2,283,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. TD Securities upped their price objective on Agnico Eagle Mines from $241.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. upped their price objective on Agnico Eagle Mines from $220.00 to $222.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Citigroup upped their price objective on Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. TD upped their price objective on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Erste Group Bank downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $238.18.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $193.34 on Monday. Agnico Eagle Mines Limited has a 12-month low of $103.38 and a 12-month high of $255.24. The firm has a market capitalization of $96.77 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 4.23 and a beta of 0.58. The business has a 50 day simple moving average of $208.63 and a 200 day simple moving average of $192.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the company posted $1.53 EPS. The business’s revenue for the quarter was up 66.1% compared to the same quarter last year. On average, equities research analysts anticipate that Agnico Eagle Mines Limited will post 13.09 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, June 1st. Agnico Eagle Mines’s dividend payout ratio is 16.92%.

About Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.