B. Riley Wealth Advisors Inc. Trims Stake in Agnico Eagle Mines Limited (NYSE:AEM)

B. Riley Wealth Advisors Inc. trimmed its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 19.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,934 shares of the mining company's stock after selling 30,362 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Agnico Eagle Mines were worth $9,615,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $1,307,000. Public Employees Retirement System of Ohio purchased a new position in Agnico Eagle Mines in the 4th quarter valued at approximately $46,799,000. Vise Technologies Inc. boosted its position in Agnico Eagle Mines by 83.3% in the 4th quarter. Vise Technologies Inc. now owns 11,335 shares of the mining company's stock valued at $887,000 after buying an additional 5,151 shares during the period. USS Investment Management Ltd grew its stake in shares of Agnico Eagle Mines by 289.7% in the fourth quarter. USS Investment Management Ltd now owns 133,279 shares of the mining company's stock worth $10,415,000 after acquiring an additional 99,079 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $30,000,000. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on AEM shares. UBS Group increased their price objective 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. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Citigroup lifted their price objective 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 objective on Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. Finally, Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $124.40.

Agnico Eagle Mines Stock Up 1.4%

AEM stock traded up $1.66 during trading on Wednesday, hitting $117.96. 2,187,973 shares of the company's stock were exchanged, compared to its average volume of 2,557,263. The business has a 50-day moving average price of $112.09 and a two-hundred day moving average price of $96.90. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $59.37 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 0.66 and a beta of 0.54. Agnico Eagle Mines Limited has a 52-week low of $63.01 and a 52-week high of $126.76.

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 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The company had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter last year, the company earned $0.76 earnings per share. The firm's revenue for the quarter was up 34.9% on a year-over-year basis. As a group, equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

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.