Banco Bilbao Vizcaya Argentaria S.A. Has $1.13 Million Holdings in Agnico Eagle Mines Limited $AEM

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its holdings in Agnico Eagle Mines Limited by 26.7% in the first quarter, resulting in a total of $1.13 million in holdings.
• Agnico Eagle Mines reported $1.94 EPS for the last quarter, exceeding expectations and marking a 35.6% increase in revenue compared to the same quarter last year.
• Research firms have issued a consensus rating of "Buy" for Agnico Eagle Mines, with an average target price of $136.90.

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 26.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,459 shares of the mining company's stock after selling 3,807 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Agnico Eagle Mines were worth $1,133,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in Agnico Eagle Mines in the 1st quarter valued at $26,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Agnico Eagle Mines in the first quarter valued at about $26,000. Private Trust Co. NA lifted its stake in shares of Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock worth $31,000 after buying an additional 232 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines during the 1st quarter worth about $34,000. Finally, Dagco Inc. bought a new position in Agnico Eagle Mines in the 1st quarter valued at about $39,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Shares of AEM traded down $0.14 during trading hours on Wednesday, hitting $139.53. 965,863 shares of the company were exchanged, compared to its average volume of 2,925,601. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. Agnico Eagle Mines Limited has a fifty-two week low of $75.17 and a fifty-two week high of $139.80. The company has a market cap of $70.16 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 0.94 and a beta of 0.44. The firm's fifty day moving average is $125.96 and its 200 day moving average is $115.25.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted 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 business had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same quarter in the prior year, the business posted $1.07 earnings per share. Agnico Eagle Mines's revenue was up 35.6% compared to the same quarter last year. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, September 3rd will be paid a $0.40 dividend. This represents a yield of 120.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. Agnico Eagle Mines's dividend payout ratio (DPR) is 27.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AEM shares. Lake Street Capital restated a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. CIBC restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, July 15th. Raymond James Financial raised Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price objective on the stock in a report on Monday, June 30th. Bank of America lifted their target price on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. Five analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $136.90.

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.