Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc trimmed its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 13.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,176 shares of the mining company's stock after selling 5,149 shares during the quarter. K.J. Harrison & Partners Inc's holdings in Agnico Eagle Mines were worth $3,706,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines in the 1st quarter worth $34,000. Jeppson Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines in the 1st quarter worth $239,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Agnico Eagle Mines by 0.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 507,856 shares of the mining company's stock worth $55,038,000 after acquiring an additional 3,334 shares during the last quarter. Achmea Investment Management B.V. grew its holdings in shares of Agnico Eagle Mines by 13.5% in the 1st quarter. Achmea Investment Management B.V. now owns 246,641 shares of the mining company's stock worth $26,718,000 after acquiring an additional 29,394 shares during the last quarter. Finally, Corundum Trust Company INC acquired a new position in shares of Agnico Eagle Mines in the 1st quarter worth $217,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM opened at $116.10 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.05. The business's 50 day moving average is $117.50 and its two-hundred day moving average is $103.06. The company has a market cap of $58.44 billion, a P/E ratio of 24.70, a P/E/G ratio of 0.89 and a beta of 0.51. Agnico Eagle Mines Limited has a 12 month low of $64.65 and a 12 month high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 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 for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the business posted $0.76 EPS. The company's revenue for the quarter was up 34.9% on a year-over-year basis. On average, equities analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.40 dividend. This represents a yield of 1.36%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

Analyst Ratings Changes

Several brokerages have recently commented on AEM. Citigroup raised their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Royal Bank Of Canada raised their target price on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. National Bankshares reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday. Finally, Bank of America raised their target price on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of "Buy" and an average target price of $130.50.

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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