TD Waterhouse Canada Inc. Sells 16,733 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

TD Waterhouse Canada Inc. trimmed its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,046,657 shares of the mining company’s stock after selling 16,733 shares during the period. TD Waterhouse Canada Inc.’s holdings in Agnico Eagle Mines were worth $81,707,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AEM. Versant Capital Management Inc bought a new position in Agnico Eagle Mines in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC lifted its stake in shares of Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after purchasing 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 boosted 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 valued at $32,000 after purchasing an additional 260 shares in the last quarter. Finally, Duncker Streett & Co. Inc. grew its stake in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock worth $32,000 after purchasing an additional 112 shares during the period. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, March 21st. Royal Bank of Canada boosted their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Raymond James upped their price objective on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. Citigroup lifted their target price on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 31st. Finally, Bank of America upped their price target on Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Buy” and a consensus price target of $124.40.

Agnico Eagle Mines Stock Performance

AEM stock opened at $121.58 on Monday. The stock’s 50 day simple moving average is $103.84 and its 200 day simple moving average is $91.21. 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 Limited has a 12-month low of $61.56 and a 12-month high of $126.13. The stock has a market capitalization of $61.19 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s payout ratio is presently 42.33%.

Agnico Eagle Mines 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.