Carmignac Gestion cut its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 15.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 341,547 shares of the mining company's stock after selling 60,659 shares during the period. Carmignac Gestion owned about 0.07% of Agnico Eagle Mines worth $37,027,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of AEM. MJT & Associates Financial Advisory Group Inc. bought a new stake in Agnico Eagle Mines during the 1st quarter valued at $26,000. Cary Street Partners Investment Advisory LLC bought a new stake in Agnico Eagle Mines during the 1st quarter valued at $26,000. Private Trust Co. NA raised its position in Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock valued at $31,000 after purchasing an additional 232 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Agnico Eagle Mines during the 1st quarter valued at $34,000. Finally, Coppell Advisory Solutions LLC raised its position in Agnico Eagle Mines by 235.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock valued at $37,000 after purchasing an additional 329 shares in the last quarter. 68.34% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. TD Securities raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Thursday, July 17th. Raymond James Financial raised Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 target price for the company in a research report on Monday, June 30th. CIBC reiterated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Finally, Royal Bank Of Canada lifted their price target on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Five equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $136.90.
Read Our Latest Report on Agnico Eagle Mines
Agnico Eagle Mines Stock Performance
AEM traded up $1.51 on Thursday, reaching $136.20. 1,841,651 shares of the stock were exchanged, compared to its average volume of 2,597,249. The company's 50-day moving average price is $125.14 and its 200 day moving average price is $114.30. Agnico Eagle Mines Limited has a fifty-two week low of $75.17 and a fifty-two week high of $137.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. The firm has a market capitalization of $68.48 billion, a PE ratio of 23.16, a PEG ratio of 0.93 and a beta of 0.44.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The company had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The firm's revenue was up 35.6% compared to the same quarter last year. 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 disclosed a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.40 dividend. This represents a dividend yield of 136.0%. The ex-dividend date of this dividend was Friday, May 30th. Agnico Eagle Mines's payout ratio is 27.21%.
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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