Massachusetts Financial Services Co. MA Trims Position in Agnico Eagle Mines Limited (NYSE:AEM)

Massachusetts Financial Services Co. MA lowered its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.1% in the fourth quarter, HoldingsChannel reports. The firm owned 12,941,836 shares of the mining company’s stock after selling 15,131 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Agnico Eagle Mines were worth $1,012,181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in Agnico Eagle Mines in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC raised its position in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after buying an additional 318 shares during the period. Decker Retirement Planning Inc. acquired a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $29,000. Fifth Third Bancorp grew its position in Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock worth $32,000 after acquiring an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. increased its stake in Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after acquiring an additional 112 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on AEM. TD Securities decreased their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. UBS Group cut shares of Agnico Eagle Mines from a “buy” rating to a “neutral” rating and upped their target price for the company from $100.00 to $110.00 in a research report on Monday. Scotiabank lifted their price target 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. StockNews.com downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Citigroup increased their price objective on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of $104.11.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $108.14 on Wednesday. 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 $60.15 and a 52-week high of $110.36. The firm has a market cap of $54.40 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00. The company’s 50 day moving average is $98.82 and its two-hundred day moving average is $88.27.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data 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%. On average, research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

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