Janney Montgomery Scott LLC Sells 6,197 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Janney Montgomery Scott LLC reduced its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 12.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,498 shares of the mining company's stock after selling 6,197 shares during the quarter. Janney Montgomery Scott LLC's holdings in Agnico Eagle Mines were worth $4,932,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake 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 valued at $28,000 after purchasing an additional 318 shares in the last quarter. Duncker Streett & Co. Inc. grew its stake in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $34,000. Coppell Advisory Solutions LLC grew its stake in Agnico Eagle Mines by 235.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock valued at $37,000 after purchasing an additional 329 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $39,000. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Price Performance

NYSE AEM traded down $1.90 during midday trading on Tuesday, hitting $120.46. The company had a trading volume of 3,418,253 shares, compared to its average volume of 2,576,667. The company has a market capitalization of $60.63 billion, a PE ratio of 25.63, a P/E/G ratio of 1.04 and a beta of 0.51. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $117.64 and a 200-day moving average price of $102.34. Agnico Eagle Mines Limited has a twelve month low of $63.93 and a twelve month high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.14. The firm had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The company's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. As a group, analysts anticipate 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 declared a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines's payout ratio is 34.04%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AEM. Raymond James Financial raised their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. BMO Capital Markets began coverage on Agnico Eagle Mines in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price objective for the company. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Bank of America raised their price objective on Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a research report on Monday. Finally, Lake Street Capital reaffirmed a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of "Buy" and an average target price of $130.50.

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.