Montrusco Bolton Investments Inc. Trims Stock Holdings in Agnico Eagle Mines Limited $AEM

Montrusco Bolton Investments Inc. lessened its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 11.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 171,124 shares of the mining company’s stock after selling 22,694 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Agnico Eagle Mines were worth $29,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AEM. TD Waterhouse Canada Inc. lifted its position in Agnico Eagle Mines by 13.4% during the third quarter. TD Waterhouse Canada Inc. now owns 1,133,384 shares of the mining company’s stock worth $192,951,000 after buying an additional 134,147 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Agnico Eagle Mines by 42.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock worth $11,088,000 after purchasing an additional 19,647 shares during the period. Ninety One UK Ltd raised its holdings in shares of Agnico Eagle Mines by 386.5% in the 3rd quarter. Ninety One UK Ltd now owns 188,189 shares of the mining company’s stock worth $31,703,000 after purchasing an additional 149,506 shares during the period. Gunderson Capital Management Inc. grew its stake in shares of Agnico Eagle Mines by 187.6% in the fourth quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock valued at $8,155,000 after buying an additional 31,378 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its stake in shares of Agnico Eagle Mines by 1,560.8% in the third quarter. Campbell & CO Investment Adviser LLC now owns 48,677 shares of the mining company’s stock valued at $8,205,000 after buying an additional 45,746 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

More Agnico Eagle Mines News

Here are the key news stories impacting Agnico Eagle Mines this week:

• Positive Sentiment: Analyst comparison notes that rising gold prices, higher production and falling leverage make AEM attractive versus peers, supporting upside potential and cash flow improvement for AEM. AEM vs. KGC: Which Gold Miner Deserves a Spot in Your Portfolio?
• Positive Sentiment: Agnico completed the acquisition of a 70% interest in Fingold from B2Gold, expanding its resource base and optionality for future production — a direct asset boost for AEM. B2Gold Completes the Sale of its 70% Interest in Fingold
• Positive Sentiment: Cascadia closed a flow-through private placement that included Agnico as a participant, indicating AEM is actively investing in early-stage/greenfield exploration exposure. This can seed long-term growth opportunities. Cascadia Announces Closing of Equity Investment
• Positive Sentiment: FireFox Gold reports exploration progress at Kolho where an Agnico subsidiary operates the program — continued JV exploration increases discovery optionality for AEM without sole capital burden. FireFox Gold Provides Update on Kolho Joint Venture Lapland, Finland
• Neutral Sentiment: CIBC kept an Outperformer rating on AEM but trimmed its price target slightly to $304 from $312 — endorsement of the thesis but a modestly lower valuation expectation. CIBC Maintains Outperformer Rating on Agnico Eagle Mines (AEM)
• Neutral Sentiment: Trending/retail interest pieces (Zacks/Yahoo) are flagging AEM as a name garnering attention and debate — increased attention can boost volume but doesn’t change fundamentals immediately. Is Trending Stock Agnico Eagle Mines Limited (AEM) a Buy Now?
• Negative Sentiment: A Zacks earnings preview suggests AEM lacks the setup for an earnings beat in the upcoming report — that raises the risk of a near-term share-price pullback if results or guidance disappoint. Agnico Eagle Mines (AEM) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $200.09 on Friday. The business’s 50 day moving average price is $214.09 and its two-hundred day moving average price is $191.09. Agnico Eagle Mines Limited has a twelve month low of $103.38 and a twelve month high of $255.24. The company has a market cap of $100.15 billion, a PE ratio of 22.53 and a beta of 0.71. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, February 12th. The mining company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.13. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Agnico Eagle Mines had a return on equity of 18.09% and a net margin of 37.47%.The company’s quarterly revenue was up 60.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 earnings per share. On average, analysts predict that Agnico Eagle Mines Limited will post 13.2 EPS for the current year.

Agnico Eagle Mines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a $0.45 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio is currently 20.27%.

Wall Street Analyst Weigh In

AEM has been the topic of several recent research reports. Canadian Imperial Bank of Commerce cut their price target on Agnico Eagle Mines from $312.00 to $304.00 and set an “outperform” rating on the stock in a report on Tuesday. Scotiabank restated an “outperform” rating and issued a $280.00 target price on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. Raymond James Financial reiterated an “outperform” rating and set a $225.00 price target on shares of Agnico Eagle Mines in a report on Wednesday, January 14th. Citigroup lifted their price objective on Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Finally, TD lifted their price objective on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.36.

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.