Oppenheimer & Close LLC lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 3.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,308 shares of the mining company's stock after selling 3,035 shares during the period. Agnico Eagle Mines accounts for 7.5% of Oppenheimer & Close LLC's holdings, making the stock its biggest position. Oppenheimer & Close LLC's holdings in Agnico Eagle Mines were worth $9,140,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA increased its position in Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock worth $31,000 after acquiring an additional 232 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Agnico Eagle Mines during the first quarter worth approximately $34,000. Smartleaf Asset Management LLC raised its position in shares of Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after buying an additional 318 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of Agnico Eagle Mines by 47.0% in the first quarter. Continuum Advisory LLC now owns 397 shares of the mining company's stock valued at $43,000 after buying an additional 127 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Agnico Eagle Mines during the fourth quarter worth approximately $34,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.
Agnico Eagle Mines Price Performance
Agnico Eagle Mines stock traded up $2.12 during mid-day trading on Monday, reaching $122.18. The company had a trading volume of 2,293,069 shares, compared to its average volume of 2,610,462. The business has a fifty day simple moving average of $117.45 and a 200 day simple moving average of $104.83. Agnico Eagle Mines Limited has a fifty-two week low of $68.87 and a fifty-two week high of $126.76. The company has a market cap of $61.50 billion, a P/E ratio of 26.00, a P/E/G ratio of 0.90 and a beta of 0.50. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The firm's revenue was up 34.9% compared to the same quarter last year. On average, equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.
Agnico Eagle Mines Announces Dividend
The firm also recently declared a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.40 per share. This represents a dividend yield of 1.36%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's payout ratio is currently 34.04%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on AEM. Bank of America lifted their price objective on Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Lake Street Capital restated a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Royal Bank Of Canada increased their price objective on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of "Buy" and an average price target of $130.50.
Read Our Latest Stock Analysis on Agnico Eagle Mines
Agnico Eagle Mines Profile
(
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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