Capital Management Corp VA Has $15.75 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Capital Management Corp VA decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 31.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,297 shares of the mining company's stock after selling 65,836 shares during the quarter. Agnico Eagle Mines comprises about 2.7% of Capital Management Corp VA's investment portfolio, making the stock its 11th biggest position. Capital Management Corp VA's holdings in Agnico Eagle Mines were worth $15,752,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Agnico Eagle Mines by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company's stock worth $1,554,180,000 after buying an additional 331,087 shares during the period. Capital World Investors raised its position in Agnico Eagle Mines by 41.9% in the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock valued at $1,091,550,000 after purchasing an additional 4,121,164 shares during the period. Massachusetts Financial Services Co. MA raised its position in Agnico Eagle Mines by 3.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company's stock valued at $1,457,160,000 after purchasing an additional 499,362 shares during the period. Deutsche Bank AG raised its position in Agnico Eagle Mines by 0.7% in the fourth quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company's stock valued at $932,008,000 after purchasing an additional 87,410 shares during the period. Finally, Norges Bank purchased a new position in Agnico Eagle Mines in the fourth quarter valued at about $573,446,000. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 0.8%

NYSE:AEM traded down $0.89 during trading hours on Friday, hitting $117.72. 1,872,910 shares of the stock traded hands, compared to its average volume of 2,614,584. The firm has a 50 day moving average price of $117.99 and a 200 day moving average price of $106.95. 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 Limited has a fifty-two week low of $69.72 and a fifty-two week high of $126.76. The firm has a market cap of $59.19 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 0.87 and a beta of 0.50.

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

Agnico Eagle Mines Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.40 per share. This represents a yield of 1.36%. The ex-dividend date of this dividend was Friday, May 30th. Agnico Eagle Mines's dividend payout ratio (DPR) is 34.04%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AEM shares. UBS Group lifted their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. TD Securities raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Thursday. National Bankshares reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Bank of America lifted their price target on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $136.90.

About Agnico Eagle Mines

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.