Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,273,260 shares of the mining company’s stock after selling 18,252 shares during the period. Franklin Resources Inc. owned 0.25% of Agnico Eagle Mines worth $99,531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AEM. Versant Capital Management Inc acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its stake in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock worth $28,000 after purchasing an additional 318 shares during the period. Decker Retirement Planning Inc. purchased a new position in Agnico Eagle Mines during the fourth quarter worth approximately $29,000. Fifth Third Bancorp boosted its holdings in shares of Agnico Eagle Mines by 176.9% in the 4th 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, Duncker Streett & Co. Inc. grew its stake in shares of Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 0.7 %

AEM opened at $107.52 on Thursday. The firm has a market capitalization of $54.08 billion, a P/E ratio of 28.44, a P/E/G ratio of 0.66 and a beta of 0.87. The firm’s 50 day moving average is $99.18 and its 200-day moving average is $88.41. 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.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results 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 return on equity of 10.45% and a net margin of 22.88%. Analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines’s dividend payout ratio is currently 42.33%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AEM shares. UBS Group lowered Agnico Eagle Mines from a “buy” rating to a “neutral” rating and increased their target price for the stock from $100.00 to $110.00 in a research report on Monday. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. TD Securities cut their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Finally, Citigroup lifted their price target on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a “buy” rating in a research report on Monday. Two 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.com, the stock has a consensus rating of “Buy” and a consensus price target of $104.11.

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.