Tcfg Wealth Management LLC Sells 879 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Tcfg Wealth Management LLC trimmed its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,438 shares of the mining company’s stock after selling 879 shares during the period. Tcfg Wealth Management LLC’s holdings in Agnico Eagle Mines were worth $1,207,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in Agnico Eagle Mines during the 4th quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new position in Agnico Eagle Mines during the 4th quarter valued at about $29,000. FSC Wealth Advisors LLC bought a new position in Agnico Eagle Mines during the 3rd quarter valued at about $32,000. Fifth Third Bancorp grew its holdings in Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after purchasing an additional 260 shares during the last quarter. Finally, Montag A & Associates Inc. grew its holdings in Agnico Eagle Mines by 85.2% during the 4th quarter. Montag A & Associates Inc. now owns 500 shares of the mining company’s stock valued at $39,000 after purchasing an additional 230 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $95.75 on Friday. The company has a 50 day moving average price of $86.51 and a 200-day moving average price of $83.22. Agnico Eagle Mines Limited has a fifty-two week low of $45.75 and a fifty-two week high of $101.45. The stock has a market capitalization of $48.09 billion, a PE ratio of 47.87, a PEG ratio of 0.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 8.88% and a net margin of 12.86%. Equities analysts predict that Agnico Eagle Mines Limited will post 4.14 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.67%. Agnico Eagle Mines’s payout ratio is presently 80.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AEM. Scotiabank boosted their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Royal Bank of Canada boosted their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group boosted their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.75.

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.