Lane Generational LLC Decreases Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Lane Generational LLC decreased its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 23.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,652 shares of the mining company's stock after selling 20,574 shares during the period. Agnico Eagle Mines comprises approximately 8.1% of Lane Generational LLC's investment portfolio, making the stock its 2nd biggest holding. Lane Generational LLC's holdings in Agnico Eagle Mines were worth $7,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Financial Sense Advisors Inc. boosted its holdings in shares of Agnico Eagle Mines by 3.8% during the 1st quarter. Financial Sense Advisors Inc. now owns 55,226 shares of the mining company's stock worth $5,987,000 after buying an additional 2,002 shares during the period. HighPoint Advisor Group LLC increased its stake in shares of Agnico Eagle Mines by 24.5% during the first quarter. HighPoint Advisor Group LLC now owns 4,002 shares of the mining company's stock worth $466,000 after purchasing an additional 788 shares during the period. Souders Financial Advisors bought a new position in shares of Agnico Eagle Mines during the first quarter worth approximately $538,000. Kestra Private Wealth Services LLC increased its position in Agnico Eagle Mines by 151.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 19,956 shares of the mining company's stock worth $2,163,000 after buying an additional 12,027 shares during the period. Finally, Washburn Capital Management Inc. acquired a new stake in shares of Agnico Eagle Mines during the first quarter worth $244,000. Institutional investors own 68.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AEM. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. UBS Group boosted their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, April 11th. CIBC reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, July 15th. Raymond James Financial raised shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price objective for the company in a report on Monday, June 30th. Finally, BMO Capital Markets began coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price objective on the stock. Two research 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. According to data from MarketBeat, Agnico Eagle Mines has a consensus rating of "Buy" and an average price target of $136.90.

Agnico Eagle Mines Price Performance

NYSE AEM traded up $1.17 on Friday, hitting $126.96. 3,436,973 shares of the company's stock were exchanged, compared to its average volume of 2,336,318. Agnico Eagle Mines Limited has a 52 week low of $69.72 and a 52 week high of $129.77. The stock has a 50-day moving average of $120.00 and a 200-day moving average of $108.71. 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 stock has a market cap of $63.84 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 0.91 and a beta of 0.50.

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