Azzad Asset Management Inc. ADV Sells 22,863 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Azzad Asset Management Inc. ADV lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 36.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,465 shares of the mining company's stock after selling 22,863 shares during the period. Azzad Asset Management Inc. ADV's holdings in Agnico Eagle Mines were worth $4,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in Agnico Eagle Mines by 78.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock worth $255,000 after buying an additional 1,431 shares during the last quarter. US Bancorp DE lifted its holdings 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 purchasing an additional 175 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Agnico Eagle Mines by 6.5% during the 4th quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company's stock valued at $443,000 after purchasing an additional 347 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Agnico Eagle Mines during the 4th quarter valued at about $814,000. Finally, Kestra Private Wealth Services LLC lifted its holdings in shares of Agnico Eagle Mines by 23.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 7,929 shares of the mining company's stock valued at $620,000 after purchasing an additional 1,515 shares in the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Trading Down 0.5%

Shares of AEM stock traded down $0.61 on Monday, hitting $123.85. The company had a trading volume of 1,774,644 shares, compared to its average volume of 2,573,228. The firm has a market cap of $62.35 billion, a P/E ratio of 32.76, a P/E/G ratio of 0.66 and a beta of 0.51. The stock's 50-day moving average is $116.10 and its two-hundred day moving average is $100.61. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. Agnico Eagle Mines Limited has a twelve month low of $63.81 and a twelve month high of $126.76.

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 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 return on equity of 10.45% and a net margin of 22.88%. The firm's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. On average, equities research analysts anticipate 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 will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 34.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wall Street Zen lowered Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Citigroup lifted their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, March 31st. UBS Group lifted their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Finally, TD Securities dropped their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Two equities 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $127.40.

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.