American Century Companies Inc. Sells 21,941 Shares of Agnico Eagle Mines Limited $AEM

Key Points

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American Century Companies Inc. trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 738,021 shares of the mining company's stock after selling 21,941 shares during the quarter. American Century Companies Inc. owned about 0.15% of Agnico Eagle Mines worth $79,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Liontrust Investment Partners LLP bought a new position in shares of Agnico Eagle Mines in the 1st quarter worth about $6,654,000. Dimensional Fund Advisors LP increased its stake in shares of Agnico Eagle Mines by 10.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,977,395 shares of the mining company's stock worth $214,361,000 after acquiring an additional 189,935 shares in the last quarter. Financial Network Wealth Advisors LLC increased its stake in shares of Agnico Eagle Mines by 412.5% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 369 shares of the mining company's stock worth $40,000 after acquiring an additional 297 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Agnico Eagle Mines by 2,684.3% in the 1st quarter. Gulf International Bank UK Ltd now owns 29,040 shares of the mining company's stock worth $3,148,000 after acquiring an additional 27,997 shares in the last quarter. Finally, Dagco Inc. bought a new position in shares of Agnico Eagle Mines in the 1st quarter worth about $39,000. 68.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Securities raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Thursday, July 17th. Royal Bank Of Canada increased their price objective on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Bank of America increased their price objective on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Cfra Research raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Lake Street Capital reissued a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. Five investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of "Buy" and a consensus target price of $136.90.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM traded up $0.7570 during trading on Friday, hitting $137.0970. The company's stock had a trading volume of 2,374,510 shares, compared to its average volume of 2,946,580. The company has a 50-day moving average of $125.14 and a 200-day moving average of $114.30. Agnico Eagle Mines Limited has a 12 month low of $75.17 and a 12 month high of $138.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. The firm has a market cap of $68.93 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 0.93 and a beta of 0.44.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The firm had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.46 billion. During the same quarter in the prior year, the business earned $1.07 EPS. The business's quarterly revenue was up 35.6% on a year-over-year basis. On average, sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.40 dividend. This represents a dividend yield of 136.0%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's dividend payout ratio is 27.21%.

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.