Yousif Capital Management LLC Has $478,000 Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Yousif Capital Management LLC trimmed its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 20.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,107 shares of the mining company’s stock after selling 1,580 shares during the quarter. Yousif Capital Management LLC’s holdings in Agnico Eagle Mines were worth $478,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at about $29,000. FSC Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines in the third quarter valued at about $32,000. Fifth Third Bancorp grew its position in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company’s stock valued at $32,000 after purchasing an additional 260 shares during the last quarter. Finally, McClarren Financial Advisors Inc. grew its position in shares of Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock valued at $41,000 after purchasing an additional 445 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Performance

AEM stock opened at $95.75 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The company has a 50 day moving average price of $86.51 and a 200 day moving average price of $83.26. Agnico Eagle Mines Limited has a fifty-two week low of $45.75 and a fifty-two week high of $101.45. The stock has a market capitalization of $48.09 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10.

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 for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 8.88% and a net margin of 12.86%. Analysts forecast that Agnico Eagle Mines Limited will post 4.14 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is presently 80.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AEM shares. Jefferies Financial Group raised their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. Scotiabank raised their price target on 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. Finally, Royal Bank of Canada raised their price target on Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.75.

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.