Annex Advisory Services LLC Sells 18,820 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Annex Advisory Services LLC cut its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 46.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,753 shares of the mining company's stock after selling 18,820 shares during the period. Annex Advisory Services LLC's holdings in Agnico Eagle Mines were worth $2,358,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AEM. Smartleaf Asset Management LLC lifted its position in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after acquiring an additional 318 shares during the last quarter. Duncker Streett & Co. Inc. lifted its position in Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after acquiring an additional 112 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Agnico Eagle Mines during the fourth quarter worth approximately $34,000. Coppell Advisory Solutions LLC lifted its position in Agnico Eagle Mines by 235.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock worth $37,000 after acquiring an additional 329 shares during the last quarter. Finally, Montag A & Associates Inc. lifted its position in Agnico Eagle Mines by 85.2% during the fourth quarter. Montag A & Associates Inc. now owns 500 shares of the mining company's stock worth $39,000 after acquiring an additional 230 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM traded down $1.58 during midday trading on Thursday, reaching $122.04. 2,862,630 shares of the company were exchanged, compared to its average volume of 2,566,755. The stock's 50-day moving average price is $114.19 and its 200-day moving average price is $98.86. The stock has a market cap of $61.43 billion, a P/E ratio of 32.28, a PEG ratio of 0.66 and a beta of 0.54. Agnico Eagle Mines Limited has a one year low of $63.01 and a one year high of $126.76. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. The firm had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The company's revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines's payout ratio is presently 34.04%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AEM shares. UBS Group lifted their price target on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Royal Bank of Canada lifted their price target on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a research report on Wednesday. Raymond James lifted their price target on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Citigroup lifted their price target on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Finally, Wall Street Zen downgraded shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $127.40.

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.