Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Cadinha & Co. LLC

Cadinha & Co. LLC cut its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 87.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,125 shares of the mining company's stock after selling 22,658 shares during the quarter. Cadinha & Co. LLC's holdings in Agnico Eagle Mines were worth $339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in Agnico Eagle Mines by 263.3% in the 1st quarter. Versant Capital Management Inc now owns 1,206 shares of the mining company's stock worth $131,000 after purchasing an additional 874 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Agnico Eagle Mines by 19.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 774 shares of the mining company's stock worth $84,000 after purchasing an additional 125 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Agnico Eagle Mines by 37.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,997 shares of the mining company's stock worth $2,424,000 after purchasing an additional 8,390 shares in the last quarter. PKO Investment Management Joint Stock Co purchased a new position in Agnico Eagle Mines in the 4th quarter worth approximately $14,361,000. Finally, Total Wealth Planning & Management Inc. purchased a new position in Agnico Eagle Mines in the 4th quarter worth approximately $593,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Down 0.1%

Shares of AEM stock traded down $0.14 on Friday, reaching $118.03. 2,614,738 shares of the stock were exchanged, compared to its average volume of 2,560,371. 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 business's 50 day moving average price is $112.90 and its 200 day moving average price is $97.76. The company has a market capitalization of $59.40 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 0.66 and a beta of 0.54. Agnico Eagle Mines Limited has a twelve month low of $63.01 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 EPS 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 firm had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company's revenue was up 34.9% compared to the same quarter last year. As a group, sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business 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 is presently 34.04%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. BMO Capital Markets assumed coverage on shares of Agnico Eagle Mines in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 target price on the stock. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada lifted their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Scotiabank reiterated an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Finally, Citigroup boosted their price target on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Two 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. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $124.40.

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.