Edmond DE Rothschild Holding S.A. Has $3.89 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Edmond DE Rothschild Holding S.A. reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,787 shares of the mining company’s stock after selling 1,052 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Agnico Eagle Mines were worth $3,891,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc bought a new stake in Agnico Eagle Mines in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC grew its stake in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after acquiring an additional 318 shares during the period. Decker Retirement Planning Inc. bought a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $29,000. Fifth Third Bancorp raised its position 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 worth $32,000 after purchasing an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. lifted its holdings in shares of Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $108.43 on Tuesday. The stock has a 50 day moving average of $98.43 and a 200 day moving average of $88.10. The company has a market capitalization of $54.54 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines Limited has a 12 month low of $60.15 and a 12 month high of $110.36. 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 announced 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%. As a group, sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s payout ratio is 42.33%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note 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. UBS Group cut shares of Agnico Eagle Mines from a “buy” rating to a “neutral” rating and raised their price target for the company from $100.00 to $110.00 in a research report on Monday. Royal Bank of Canada boosted their price objective on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, Jefferies Financial Group raised 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. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $104.11.

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.