Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Salvus Wealth Management LLC

Salvus Wealth Management LLC reduced its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 52.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,367 shares of the mining company's stock after selling 6,955 shares during the period. Salvus Wealth Management LLC's holdings in Agnico Eagle Mines were worth $690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AEM. Jones Financial Companies Lllp raised its position in shares of Agnico Eagle Mines by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock worth $255,000 after acquiring an additional 1,431 shares during the period. US Bancorp DE grew its position in shares of Agnico Eagle Mines by 2.7% during the 4th 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 purchased a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $782,000. Captrust Financial Advisors raised its holdings in Agnico Eagle Mines by 6.5% in 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 acquired a new position in Agnico Eagle Mines in the 4th quarter worth about $814,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AEM has been the subject of a number of recent analyst reports. TD Securities cut their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Cfra Research raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Wall Street Zen lowered shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Two research 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. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of "Buy" and an average price target of $127.40.

Agnico Eagle Mines Price Performance

AEM traded down $4.13 on Friday, reaching $117.93. 3,712,237 shares of the company's stock were exchanged, compared to its average volume of 2,571,319. Agnico Eagle Mines Limited has a twelve month low of $63.01 and a twelve month high of $126.76. The stock has a market cap of $59.37 billion, a PE ratio of 31.20, a P/E/G ratio of 0.66 and a beta of 0.54. 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 stock's fifty day moving average price is $114.19 and its 200-day moving average price is $98.86.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.14. The business had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The business's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. Sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

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

Agnico Eagle Mines Company 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.