ANTIPODES PARTNERS Ltd Cuts Stake in Agnico Eagle Mines Limited (NYSE:AEM)

ANTIPODES PARTNERS Ltd reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 80.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,934 shares of the mining company’s stock after selling 332,985 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in Agnico Eagle Mines were worth $6,487,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in shares of Agnico Eagle Mines by 1.4% during the third quarter. Principal Financial Group Inc. now owns 21,822 shares of the mining company’s stock valued at $1,760,000 after purchasing an additional 302 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Agnico Eagle Mines by 30.6% during the third quarter. Assetmark Inc. now owns 2,363 shares of the mining company’s stock valued at $190,000 after purchasing an additional 554 shares in the last quarter. Atria Investments Inc bought a new position in shares of Agnico Eagle Mines during the third quarter valued at $239,000. Sigma Planning Corp bought a new position in shares of Agnico Eagle Mines during the third quarter valued at $208,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of Agnico Eagle Mines by 132.2% during the third quarter. GSA Capital Partners LLP now owns 18,472 shares of the mining company’s stock valued at $1,488,000 after purchasing an additional 10,516 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. TD Securities lowered their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Scotiabank upped their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. 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 report on Tuesday, February 11th. Raymond James set a $105.00 target price on Agnico Eagle Mines and gave the company an “outperform” rating in a report on Tuesday, February 4th. Finally, 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 report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average price target of $95.78.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $101.03 on Thursday. The stock has a 50-day moving average price of $92.61 and a 200 day moving average price of $85.74. The stock has a market capitalization of $50.81 billion, a P/E ratio of 26.73, a P/E/G ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a 12-month low of $54.02 and a 12-month high of $101.81. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. Equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 42.33%.

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.