Agnico Eagle Mines Limited $AEM Shares Sold by Capital Analysts LLC

Capital Analysts LLC decreased its holdings in Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,887 shares of the mining company’s stock after selling 245 shares during the quarter. Capital Analysts LLC’s holdings in Agnico Eagle Mines were worth $3,132,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AEM. TD Asset Management Inc grew its position in Agnico Eagle Mines by 42.8% in the first quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company’s stock worth $978,553,000 after buying an additional 2,709,005 shares during the last quarter. Nuveen LLC acquired a new position in Agnico Eagle Mines in the first quarter worth approximately $85,926,000. Caisse DE Depot ET Placement DU Quebec grew its position in Agnico Eagle Mines by 304.5% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 913,936 shares of the mining company’s stock worth $71,465,000 after buying an additional 687,971 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Agnico Eagle Mines by 11.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock worth $728,214,000 after buying an additional 673,400 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Agnico Eagle Mines in the fourth quarter worth approximately $46,799,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 3.4%

Agnico Eagle Mines stock opened at $134.6320 on Thursday. The company’s fifty day simple moving average is $124.86 and its 200-day simple moving average is $114.02. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. Agnico Eagle Mines Limited has a 12 month low of $75.17 and a 12 month high of $137.81. The stock has a market cap of $67.70 billion, a P/E ratio of 22.90, a P/E/G ratio of 0.90 and a beta of 0.44.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last posted its quarterly earnings results on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the previous year, the company posted $1.07 EPS. Agnico Eagle Mines’s revenue was up 35.6% on a year-over-year basis. As a group, sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.40 per share. This represents a dividend yield of 136.0%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines’s payout ratio is currently 27.21%.

Analysts Set New Price Targets

Several equities analysts have weighed in on AEM shares. Raymond James Financial upgraded shares of Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 price objective on the stock in a research report on Monday, June 30th. Cfra Research upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, April 25th. National Bankshares reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. CIBC reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, July 15th. Finally, TD Securities upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Thursday, July 17th. Five equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $136.90.

Check Out Our Latest Report on AEM

About Agnico Eagle Mines

(Free Report)

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.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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