St. James Investment Company LLC Sells 291,283 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

St. James Investment Company LLC lowered its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 53.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 251,840 shares of the mining company's stock after selling 291,283 shares during the quarter. Agnico Eagle Mines comprises about 4.6% of St. James Investment Company LLC's portfolio, making the stock its 9th biggest holding. St. James Investment Company LLC owned 0.05% of Agnico Eagle Mines worth $27,302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of AEM. Smartleaf Asset Management LLC lifted its holdings in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after purchasing an additional 318 shares during the period. Private Trust Co. NA lifted its holdings in Agnico Eagle Mines by 454.9% in the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock valued at $31,000 after acquiring an additional 232 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Agnico Eagle Mines in the 4th quarter valued at about $34,000. Golden State Wealth Management LLC acquired a new stake in Agnico Eagle Mines in the 1st quarter valued at about $34,000. Finally, Coppell Advisory Solutions LLC lifted its holdings in Agnico Eagle Mines by 235.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock valued at $37,000 after acquiring an additional 329 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Bank of America upped their price target on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Royal Bank Of Canada upped their price target on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. BMO Capital Markets assumed coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price target for the company. Lake Street Capital reissued a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Finally, National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, Agnico Eagle Mines presently has an average rating of "Buy" and an average target price of $130.50.

Agnico Eagle Mines Trading Up 1.2%

NYSE AEM traded up $1.42 on Friday, hitting $120.12. 1,409,345 shares of the company were exchanged, compared to its average volume of 2,609,625. The company's 50 day moving average price is $117.39 and its 200-day moving average price is $104.15. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. The firm has a market capitalization of $60.46 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 0.90 and a beta of 0.50. Agnico Eagle Mines Limited has a twelve month low of $68.78 and a twelve month high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The firm's quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. Analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines's dividend payout ratio is 34.04%.

Agnico Eagle Mines Profile

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.