Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 46.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,766 shares of the mining company's stock after selling 16,865 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Agnico Eagle Mines were worth $2,143,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Agnico Eagle Mines during the 4th quarter worth approximately $573,446,000. Capital World Investors grew its stake in Agnico Eagle Mines by 41.9% in the 4th quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock valued at $1,091,550,000 after acquiring an additional 4,121,164 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Agnico Eagle Mines by 81.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock valued at $551,339,000 after acquiring an additional 3,155,927 shares during the period. AGF Management Ltd. increased its holdings in Agnico Eagle Mines by 184.6% in the 4th quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company's stock worth $109,205,000 after acquiring an additional 905,328 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Agnico Eagle Mines by 33.2% during the fourth quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company's stock worth $239,844,000 after acquiring an additional 749,932 shares during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 1.3%

Shares of NYSE AEM opened at $121.06 on Monday. The company has a market capitalization of $60.93 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.05 and a beta of 0.51. 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 company has a 50 day simple moving average of $117.56 and a 200-day simple moving average of $101.94. Agnico Eagle Mines Limited has a 1 year low of $63.93 and a 1 year high of $126.76.

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 (EPS) for the quarter, topping 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 analysts' expectations of $2.27 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The firm's quarterly 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 business also recently disclosed a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 34.04%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AEM. Cfra Research raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. BMO Capital Markets began coverage on Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price objective on the stock. Wall Street Zen cut Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Raymond James Financial raised their target price on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, UBS Group boosted their price target 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. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, Agnico Eagle Mines has an average rating of "Buy" and a consensus price target of $127.40.

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.

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