Mint Tower Capital Management B.V. Sells 2,500 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Mint Tower Capital Management B.V. lessened its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 50.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,500 shares of the mining company’s stock after selling 2,500 shares during the period. Mint Tower Capital Management B.V.’s holdings in Agnico Eagle Mines were worth $196,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Mufg Securities Canada LTD. grew its stake in shares of Agnico Eagle Mines by 72.3% during the fourth quarter. Mufg Securities Canada LTD. now owns 765,833 shares of the mining company’s stock worth $59,876,000 after purchasing an additional 321,354 shares during the period. TD Asset Management Inc. grew its holdings in Agnico Eagle Mines by 2.8% in the 4th quarter. TD Asset Management Inc. now owns 6,324,291 shares of the mining company’s stock valued at $494,528,000 after buying an additional 174,366 shares in the last quarter. Prudential Financial Inc. increased its stake in Agnico Eagle Mines by 21.6% during the 4th quarter. Prudential Financial Inc. now owns 33,637 shares of the mining company’s stock worth $2,630,000 after acquiring an additional 5,967 shares during the period. Vanguard Group Inc. increased its stake in shares of Agnico Eagle Mines by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company’s stock valued at $1,554,180,000 after purchasing an additional 331,087 shares during the last quarter. Finally, Guardian Partners Inc. acquired a new position in shares of Agnico Eagle Mines during the fourth quarter worth $4,398,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AEM. Raymond James set a $105.00 price objective on Agnico Eagle Mines and gave the company an “outperform” rating in a research note on Tuesday, February 4th. 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. StockNews.com lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Stifel Canada raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $95.78.

Agnico Eagle Mines Stock Down 0.7 %

Shares of Agnico Eagle Mines stock opened at $104.73 on Thursday. The company has a market capitalization of $52.68 billion, a P/E ratio of 27.71, a P/E/G ratio of 0.66 and a beta of 1.00. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 52-week low of $56.19 and a 52-week high of $107.88. The company has a 50 day moving average of $97.04 and a 200 day moving average of $87.44.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly 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 return on equity of 10.45% and a net margin of 22.88%. As a group, research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 42.33%.

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.