Oxbow Advisors LLC Sells 976 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Oxbow Advisors LLC lessened its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,556 shares of the mining company’s stock after selling 976 shares during the quarter. Agnico Eagle Mines comprises about 1.6% of Oxbow Advisors LLC’s investment portfolio, making the stock its 11th largest position. Oxbow Advisors LLC’s holdings in Agnico Eagle Mines were worth $13,887,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc acquired a new position in shares of Agnico Eagle Mines during the fourth quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Agnico Eagle Mines during the fourth quarter valued at $29,000. Fifth Third Bancorp lifted its stake in shares of Agnico Eagle Mines by 176.9% during the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after acquiring an additional 260 shares during the period. Montag A & Associates Inc. lifted its stake in shares of Agnico Eagle Mines by 85.2% during the fourth quarter. Montag A & Associates Inc. now owns 500 shares of the mining company’s stock valued at $39,000 after acquiring an additional 230 shares during the period. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the third quarter valued at $48,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 2.0 %

NYSE:AEM opened at $96.09 on Friday. 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 cap of $48.32 billion, a PE ratio of 25.42, a PEG ratio of 0.67 and a beta of 1.10. Agnico Eagle Mines Limited has a 52-week low of $47.73 and a 52-week high of $101.45. The stock has a 50-day simple moving average of $87.71 and a 200 day simple moving average of $83.92.

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 (EPS) 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%. On average, sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. Agnico Eagle Mines’s dividend payout ratio is 42.33%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AEM. StockNews.com raised Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 17th. Jefferies Financial Group increased their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Royal Bank of Canada increased their target price on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. TD Securities cut their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Scotiabank increased their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. One equities 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’s stock. According to data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of $94.63.

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.