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Agnico Eagle Mines Limited $AEM Shares Sold by Hussman Strategic Advisors Inc.

Agnico Eagle Mines logo with Basic Materials background
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Key Points

  • Hussman Strategic Advisors cut its stake in Agnico Eagle Mines (AEM) by 52.2% in Q4, selling 13,300 shares and leaving 12,200 shares valued at about $2.07 million.
  • AEM beat Q1 expectations, reporting $3.40 EPS versus $3.19 est. and $4.0B revenue (up 66% YoY) with record margins and ~ $3.01B adjusted EBITDA, though production declined, creating near‑term volume risk.
  • Corporate actions & outlook: AEM announced a $0.45 quarterly dividend (1.0% yield, payable June 15) and carries a "Moderate Buy" analyst consensus with an average price target of $239.36 amid mixed target revisions.
  • Five stocks we like better than Agnico Eagle Mines.

Hussman Strategic Advisors Inc. cut its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 52.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,200 shares of the mining company's stock after selling 13,300 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Agnico Eagle Mines were worth $2,068,000 as of its most recent SEC filing.

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

Agnico Eagle Mines Trading Down 2.5%

AEM stock opened at $183.51 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 12-month low of $103.38 and a 12-month high of $255.24. The stock has a market cap of $91.86 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 9.26 and a beta of 0.58. The business's 50-day moving average is $211.77 and its 200 day moving average is $191.90.

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

Agnico Eagle Mines Dividend Announcement

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

Analysts Set New Price Targets

AEM has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce dropped their target price on Agnico Eagle Mines from $312.00 to $304.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 21st. Raymond James Financial restated an "outperform" rating and set a $225.00 target price on shares of Agnico Eagle Mines in a research report on Wednesday, January 14th. Erste Group Bank cut Agnico Eagle Mines from a "buy" rating to a "hold" rating in a research report on Tuesday, March 24th. Wall Street Zen cut Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 11th. Finally, UBS Group dropped their target price on Agnico Eagle Mines from $240.00 to $210.00 and set a "neutral" rating on the stock in a research report on Friday, March 27th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $239.36.

View Our Latest Stock Report on Agnico Eagle Mines

Key Agnico Eagle Mines News

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

Agnico Eagle Mines Profile

(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

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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