Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Beacon Financial Group

Beacon Financial Group lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 46.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,483 shares of the mining company's stock after selling 10,128 shares during the quarter. Beacon Financial Group's holdings in Agnico Eagle Mines were worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Portside Wealth Group LLC increased its position in shares of Agnico Eagle Mines by 3.2% during the first quarter. Portside Wealth Group LLC now owns 16,221 shares of the mining company's stock worth $1,759,000 after acquiring an additional 507 shares during the period. Wealth Alliance Advisory Group LLC purchased a new stake in shares of Agnico Eagle Mines during the first quarter worth $223,000. Veracity Capital LLC increased its position in shares of Agnico Eagle Mines by 7.7% during the first quarter. Veracity Capital LLC now owns 3,178 shares of the mining company's stock worth $345,000 after acquiring an additional 226 shares during the period. Addenda Capital Inc. increased its position in shares of Agnico Eagle Mines by 413.8% during the first quarter. Addenda Capital Inc. now owns 713,237 shares of the mining company's stock worth $77,322,000 after acquiring an additional 574,420 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Agnico Eagle Mines by 10,740.0% during the first quarter. GAMMA Investing LLC now owns 1,626 shares of the mining company's stock worth $176,000 after acquiring an additional 1,611 shares during the period. Hedge funds and other institutional investors own 68.34% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AEM. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. TD Securities dropped their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Raymond James increased their target price on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $127.40.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $122.04 on Friday. Agnico Eagle Mines Limited has a fifty-two week low of $63.01 and a fifty-two week high of $126.76. The company has a market capitalization of $61.43 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54. The firm has a 50-day simple moving average of $114.19 and a 200-day simple moving average of $98.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The business 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 earned $0.76 earnings per share. The business's quarterly revenue was up 34.9% compared to the same quarter last year. On average, equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

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

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