Stack Financial Management Inc lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,351 shares of the mining company's stock after selling 5,120 shares during the period. Agnico Eagle Mines comprises approximately 3.4% of Stack Financial Management Inc's investment portfolio, making the stock its 7th biggest position. Stack Financial Management Inc owned 0.07% of Agnico Eagle Mines worth $40,367,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Private Trust Co. NA increased its holdings in Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock valued at $31,000 after buying an additional 232 shares during the period. Golden State Wealth Management LLC purchased a new position in Agnico Eagle Mines during the first quarter valued at approximately $34,000. Coppell Advisory Solutions LLC increased its holdings in Agnico Eagle Mines by 235.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock valued at $37,000 after buying an additional 329 shares during the period. Hexagon Capital Partners LLC increased its holdings in Agnico Eagle Mines by 31.1% during the first quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company's stock valued at $40,000 after buying an additional 87 shares during the period. Finally, Continuum Advisory LLC boosted its stake in Agnico Eagle Mines by 47.0% in the first quarter. Continuum Advisory LLC now owns 397 shares of the mining company's stock valued at $43,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.
Analyst Ratings Changes
Several brokerages have weighed in on AEM. CIBC restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday. Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Scotiabank reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Bank of America boosted their price objective on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, BMO Capital Markets initiated coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $136.90.
View Our Latest Stock Analysis on Agnico Eagle Mines
Agnico Eagle Mines Stock Performance
NYSE:AEM traded down $0.44 during mid-day trading on Tuesday, hitting $119.12. The company's stock had a trading volume of 2,546,251 shares, compared to its average volume of 2,612,708. Agnico Eagle Mines Limited has a 1 year low of $69.72 and a 1 year high of $126.76. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. The stock has a market cap of $59.89 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 0.89 and a beta of 0.50. The business's fifty day moving average is $117.74 and its two-hundred day moving average is $105.93.
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 for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The company's revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.
Agnico Eagle Mines Dividend Announcement
The business also recently declared a dividend, which was paid on Monday, June 16th. Investors 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 presently 34.04%.
Agnico Eagle Mines Profile
(
Free Report)
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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