Lmcg Investments LLC Sells 8,703 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Lmcg Investments LLC cut its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,394 shares of the mining company's stock after selling 8,703 shares during the period. Agnico Eagle Mines accounts for about 1.4% of Lmcg Investments LLC's portfolio, making the stock its 13th biggest position. Lmcg Investments LLC's holdings in Agnico Eagle Mines were worth $21,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AEM. Jones Financial Companies Lllp raised its holdings in Agnico Eagle Mines by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock valued at $255,000 after buying an additional 1,431 shares during the period. US Bancorp DE raised its stake in shares of Agnico Eagle Mines by 2.7% in the fourth quarter. US Bancorp DE now owns 6,770 shares of the mining company's stock valued at $529,000 after acquiring an additional 175 shares during the period. Compound Global Advisors LLC bought a new stake in shares of Agnico Eagle Mines in the 4th quarter worth about $782,000. Captrust Financial Advisors boosted its stake in shares of Agnico Eagle Mines by 6.5% during the 4th quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company's stock worth $443,000 after purchasing an additional 347 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Agnico Eagle Mines during the 4th quarter valued at about $814,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Down 3.4%

NYSE AEM traded down $4.13 during trading on Friday, reaching $117.93. 3,712,237 shares of the company's stock traded hands, compared to its average volume of 2,571,319. Agnico Eagle Mines Limited has a 12-month low of $63.01 and a 12-month high of $126.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The firm has a market cap of $59.37 billion, a price-to-earnings ratio of 31.20, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54. The company's 50 day simple moving average is $114.19 and its two-hundred day simple moving average is $98.86.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings data 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 22.88% and a return on equity of 10.45%. Agnico Eagle Mines's revenue was up 34.9% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. As a group, sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.40 per share. This represents a dividend yield of 1.36%. The ex-dividend date is Friday, May 30th. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 34.04%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. TD Securities decreased their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Raymond James boosted their price objective on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Royal Bank of Canada increased their target price on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research note on Wednesday. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price 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.