Skylands Capital LLC Sells 9,035 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Skylands Capital LLC decreased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 20.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 35,965 shares of the mining company's stock after selling 9,035 shares during the period. Skylands Capital LLC's holdings in Agnico Eagle Mines were worth $3,899,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Golden State Wealth Management LLC bought a new position in shares of Agnico Eagle Mines in the first quarter worth about $34,000. Smartleaf Asset Management LLC grew its holdings in Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after buying an additional 318 shares during the last quarter. Continuum Advisory LLC increased its position in Agnico Eagle Mines by 47.0% in the 1st quarter. Continuum Advisory LLC now owns 397 shares of the mining company's stock worth $43,000 after buying an additional 127 shares during the period. Duncker Streett & Co. Inc. boosted its position in shares of 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 acquiring an additional 112 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 68.34% of the company's stock.

Analyst Upgrades and Downgrades

AEM has been the subject of several research analyst reports. Bank of America upped their target price on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. UBS Group upped their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Royal Bank Of Canada increased their target price on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Raymond James Financial upgraded Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price target on the stock in a research note on Monday. Finally, National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating, eight have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $130.50.

Agnico Eagle Mines Price Performance

AEM stock traded up $0.84 during trading on Wednesday, hitting $118.80. The company had a trading volume of 2,362,195 shares, compared to its average volume of 2,604,101. The company has a fifty day moving average price of $117.34 and a two-hundred day moving average price of $103.53. Agnico Eagle Mines Limited has a fifty-two week low of $64.65 and a fifty-two week high of $126.76. The company has a market cap of $59.80 billion, a P/E ratio of 25.28, a P/E/G ratio of 0.90 and a beta of 0.50. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted 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. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. Equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

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