Canoe Financial LP trimmed its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 27.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,421,094 shares of the mining company's stock after selling 550,558 shares during the period. Agnico Eagle Mines comprises approximately 2.5% of Canoe Financial LP's portfolio, making the stock its 13th largest position. Canoe Financial LP owned about 0.28% of Agnico Eagle Mines worth $153,986,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after buying an additional 318 shares during the period. Duncker Streett & Co. Inc. boosted its position in Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after buying an additional 112 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Agnico Eagle Mines during the fourth quarter valued at about $34,000. ORG Wealth Partners LLC purchased a new stake in Agnico Eagle Mines during the first quarter valued at about $49,000. Finally, Coppell Advisory Solutions LLC boosted its position in Agnico Eagle Mines by 235.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock valued at $37,000 after buying an additional 329 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Citigroup upped their price target on shares of 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 upped their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. BMO Capital Markets initiated coverage on shares of Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price objective for the company. Cfra Research raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Wall Street Zen downgraded shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $127.40.
Check Out Our Latest Stock Report on Agnico Eagle Mines
Agnico Eagle Mines Trading Down 1.3%
AEM stock traded down $1.59 during trading on Friday, reaching $121.06. The company had a trading volume of 3,460,257 shares, compared to its average volume of 2,569,840. Agnico Eagle Mines Limited has a 52 week low of $63.93 and a 52 week high of $126.76. The company has a market cap of $60.93 billion, a P/E ratio of 25.76, a PEG ratio of 1.05 and a beta of 0.51. The business has a 50 day moving average of $117.56 and a 200 day moving average of $101.83. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. Agnico Eagle Mines's revenue was up 34.9% on a year-over-year basis. As a group, sell-side analysts forecast 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 declared a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.40 dividend. This represents a yield of 1.36%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's payout ratio is currently 34.04%.
About Agnico Eagle Mines
(
Free Report)
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.
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