Murchinson Ltd. Has $1.46 Million Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Murchinson Ltd. cut its position in shares of Agnico Eagle Mines Limited (NYSE:AEM – Get Rating) (TSE:AEM) by 32.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,698 shares of the mining company’s stock after selling 9,904 shares during the quarter. Agnico Eagle Mines comprises about 0.2% of Murchinson Ltd.’s holdings, making the stock its 22nd largest position. Murchinson Ltd.’s holdings in Agnico Eagle Mines were worth $1,456,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Lindbrook Capital LLC grew its position in shares of Agnico Eagle Mines by 61.6% during the 4th quarter. Lindbrook Capital LLC now owns 514 shares of the mining company’s stock worth $27,000 after buying an additional 196 shares during the period. Ronald Blue Trust Inc. boosted its stake in Agnico Eagle Mines by 72.7% during the fourth quarter. Ronald Blue Trust Inc. now owns 708 shares of the mining company’s stock worth $30,000 after acquiring an additional 298 shares in the last quarter. Almanack Investment Partners LLC. bought a new stake in Agnico Eagle Mines in the third quarter valued at $37,000. Global Retirement Partners LLC raised its holdings in shares of Agnico Eagle Mines by 88.0% during the third quarter. Global Retirement Partners LLC now owns 906 shares of the mining company’s stock valued at $40,000 after purchasing an additional 424 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in shares of Agnico Eagle Mines by 124.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 834 shares of the mining company’s stock worth $43,000 after purchasing an additional 462 shares in the last quarter. Institutional investors and hedge funds own 58.11% of the company’s stock.

Agnico Eagle Mines Stock Up 0.3 %

Shares of AEM traded up $0.17 during trading hours on Friday, reaching $51.28. 1,055,798 shares of the stock traded hands, compared to its average volume of 2,977,102. Agnico Eagle Mines Limited has a 52 week low of $36.69 and a 52 week high of $61.15. The company has a market cap of $25.35 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 24.07 and a beta of 0.81. The stock has a fifty day simple moving average of $55.27 and a 200 day simple moving average of $52.38. The company has a current ratio of 2.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.12.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, May 31st. This represents a $1.60 annualized dividend and a dividend yield of 3.12%. Agnico Eagle Mines’s dividend payout ratio is currently 31.50%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AEM shares. StockNews.com began coverage on Agnico Eagle Mines in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Barclays increased their target price on Agnico Eagle Mines from $62.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, April 21st. BMO Capital Markets began coverage on shares of Agnico Eagle Mines in a research note on Monday, April 3rd. They set an “outperform” rating for the company. TD Securities dropped their price objective on shares of Agnico Eagle Mines from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, February 17th. Finally, Raymond James boosted their target price on shares of Agnico Eagle Mines from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 31st. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.63.

Agnico Eagle Mines Company Profile

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Agnico Eagle Mines Ltd. engages in the exploration and production of gold. It operates through the following segments: Northern Business, Southern Business, and Exploration. The Northern Business segment comprises of LaRonde mine, LaRonde Zone 5 mine, Lapa mine, Goldex mine, Meadowbank mine including the Amaruq deposit, Canadian Malartic joint operation, Meliadine project and Kittila mine.