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Agnico Eagle Mines Limited $AEM Shares Sold by Capital Management Corp VA

Agnico Eagle Mines logo with Basic Materials background
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Key Points

  • Capital Management Corp VA reduced its Agnico Eagle stake by 7.6%, selling 11,047 shares and holding 134,021 shares valued at $22.72 million, making AEM its fifth-largest position (≈3.7% of the fund).
  • Agnico Eagle beat Q1 expectations with adjusted EPS of about $3.40, adjusted EBITDA of ~$3.01B and $4.0B revenue driven by higher realized prices and margin expansion, and the company announced a quarterly dividend of $0.45 (ex-div June 1, payable June 15).
  • Despite stronger margins, production declined in the quarter, prompting some analyst caution (Erste trimmed estimates and moved to Hold), although the consensus remains a "Moderate Buy" with a $239.36 price target.
  • Five stocks to consider instead of Agnico Eagle Mines.

Capital Management Corp VA lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,021 shares of the mining company's stock after selling 11,047 shares during the period. Agnico Eagle Mines accounts for about 3.7% of Capital Management Corp VA's investment portfolio, making the stock its 5th biggest holding. Capital Management Corp VA's holdings in Agnico Eagle Mines were worth $22,721,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC lifted its stake in shares of Agnico Eagle Mines by 381.3% in the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company's stock valued at $26,000 after purchasing an additional 122 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in shares of Agnico Eagle Mines by 59.7% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company's stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. MCF Advisors LLC acquired a new stake in shares of Agnico Eagle Mines in the 3rd quarter valued at $34,000. Abound Wealth Management lifted its stake in shares of Agnico Eagle Mines by 99.0% in the 4th quarter. Abound Wealth Management now owns 209 shares of the mining company's stock valued at $35,000 after purchasing an additional 104 shares during the last quarter. Finally, Lodestone Wealth Management LLC bought a new position in Agnico Eagle Mines in the 4th quarter worth $35,000. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines News Roundup

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

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $183.51 on Friday. The company has a market capitalization of $91.86 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 9.26 and a beta of 0.58. Agnico Eagle Mines Limited has a one year low of $103.38 and a one year high of $255.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.33. The company's fifty day moving average price is $211.77 and its 200 day moving average price is $191.90.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.69%. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the firm posted $1.53 EPS. The business's quarterly revenue was up 66.1% on a year-over-year basis. As a group, analysts expect that Agnico Eagle Mines Limited will post 12.91 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, June 1st. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Agnico Eagle Mines's payout ratio is presently 20.27%.

Analyst Ratings Changes

AEM has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Agnico Eagle Mines from a "buy (a-)" rating to a "buy (b+)" rating in a report on Wednesday. Raymond James Financial reiterated an "outperform" rating and issued a $225.00 target price on shares of Agnico Eagle Mines in a report on Wednesday, January 14th. Erste Group Bank downgraded shares of Agnico Eagle Mines from a "buy" rating to a "hold" rating in a report on Tuesday, March 24th. Canadian Imperial Bank of Commerce dropped their target price on shares of Agnico Eagle Mines from $312.00 to $304.00 and set an "outperform" rating on the stock in a report on Tuesday, April 21st. Finally, TD Securities lifted their target price on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the stock a "buy" rating in a report on Tuesday, March 3rd. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $239.36.

Get Our Latest Stock Report on Agnico Eagle Mines

About Agnico Eagle Mines

(Free Report)

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.

Featured Stories

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

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