Agnico Eagle Mines Limited $AEM Shares Sold by Game Creek Capital LP

Game Creek Capital LP decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 14.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,725 shares of the mining company’s stock after selling 2,600 shares during the period. Game Creek Capital LP’s holdings in Agnico Eagle Mines were worth $2,651,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. True Wealth Design LLC boosted its holdings in shares of Agnico Eagle Mines by 381.3% in the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after buying an additional 122 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in Agnico Eagle Mines during the second quarter worth about $29,000. Blue Bell Private Wealth Management LLC lifted its holdings in Agnico Eagle Mines by 59.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock worth $33,000 after acquiring an additional 74 shares during the last quarter. MCF Advisors LLC bought a new position in Agnico Eagle Mines in the third quarter worth about $34,000. Finally, Caitlin John LLC acquired a new position in Agnico Eagle Mines in the third quarter valued at approximately $36,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AEM shares. TD Securities upped their target price on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada lowered Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $185.00 to $205.00 in a research report on Wednesday, December 10th. Wall Street Zen downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Erste Group Bank raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, March 5th. Finally, Zacks Research raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Four equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $234.91.

Agnico Eagle Mines Stock Down 5.0%

AEM opened at $207.39 on Friday. The stock’s 50 day moving average price is $212.49 and its 200 day moving average price is $181.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.33. The stock has a market cap of $103.91 billion, a P/E ratio of 23.36 and a beta of 0.61. Agnico Eagle Mines Limited has a 12 month low of $94.77 and a 12 month high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Thursday, February 12th. The mining company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.13. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.40 billion. Agnico Eagle Mines had a return on equity of 18.09% and a net margin of 37.47%.The firm’s quarterly revenue was up 60.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 EPS. As a group, research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio is 20.27%.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.