BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 240,197 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 22.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 820,205 shares of the mining company's stock after selling 240,197 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.16% of Agnico Eagle Mines worth $64,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AEM. Benjamin Edwards Inc. boosted its stake in Agnico Eagle Mines by 2.0% in the 4th quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock valued at $428,000 after buying an additional 106 shares in the last quarter. Duncker Streett & Co. Inc. boosted its stake in Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after buying an additional 112 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its stake in Agnico Eagle Mines by 1.8% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company's stock valued at $543,000 after buying an additional 120 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in Agnico Eagle Mines by 2.1% in the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock valued at $569,000 after buying an additional 141 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Agnico Eagle Mines by 24.5% in the 4th quarter. Quadrant Capital Group LLC now owns 787 shares of the mining company's stock valued at $62,000 after buying an additional 155 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Trading Up 2.7%

Shares of AEM traded up $3.09 during trading hours on Friday, hitting $117.68. 3,311,984 shares of the stock traded hands, compared to its average volume of 2,549,078. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 1-year low of $63.01 and a 1-year high of $126.76. The firm has a market capitalization of $59.22 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54. The business has a fifty day moving average of $111.63 and a 200-day moving average of $96.36.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The firm's revenue was up 34.9% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 34.04%.

Analyst Upgrades and Downgrades

AEM has been the topic of several recent analyst reports. Citigroup boosted their price target on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Bank of America boosted their price target on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. BMO Capital Markets initiated coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price target on the stock. UBS Group boosted their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Finally, Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of "Buy" and a consensus price target of $124.40.

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.