Agnico Eagle Mines Limited $AEM Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. reduced its holdings in Agnico Eagle Mines by 9.8%, selling 3,319 shares and now holding 30,610 shares valued at approximately $3.3 million.
• Analysts maintain a positive outlook on Agnico Eagle Mines, with several firms like Bank of America and Royal Bank of Canada raising their price targets and ratings for the stock.
• Agnico Eagle Mines announced a dividend of $0.40 per share, set to be paid on September 15th, representing a yield of 120.0% and a payout ratio of 27.21%.

Epoch Investment Partners Inc. lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 9.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,610 shares of the mining company's stock after selling 3,319 shares during the quarter. Epoch Investment Partners Inc.'s holdings in Agnico Eagle Mines were worth $3,318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AEM. Brighton Jones LLC increased its holdings in Agnico Eagle Mines by 11.5% during the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company's stock worth $252,000 after purchasing an additional 331 shares during the period. Marshall Wace LLP acquired a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $422,000. Tower Research Capital LLC TRC increased its stake in shares of Agnico Eagle Mines by 147.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,828 shares of the mining company's stock worth $143,000 after buying an additional 1,089 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Agnico Eagle Mines by 6.0% during the fourth quarter. Integrated Wealth Concepts LLC now owns 6,668 shares of the mining company's stock worth $522,000 after buying an additional 379 shares during the period. Finally, Northern Trust Corp raised its holdings in Agnico Eagle Mines by 66.4% in the fourth quarter. Northern Trust Corp now owns 419,827 shares of the mining company's stock valued at $32,835,000 after acquiring an additional 167,490 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Up 2.4%

Shares of Agnico Eagle Mines stock opened at $147.70 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03. The company has a market capitalization of $74.27 billion, a P/E ratio of 25.12, a PEG ratio of 0.99 and a beta of 0.45. Agnico Eagle Mines Limited has a 1 year low of $75.17 and a 1 year high of $148.00. The company's fifty day moving average is $128.08 and its two-hundred day moving average is $116.78.

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 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the business earned $1.07 EPS. The firm's revenue was up 35.6% compared to the same quarter last year. Analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Raymond James Financial upgraded shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price target for the company in a report on Monday, June 30th. Bank of America boosted their target price on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Lake Street Capital reiterated a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. TD Securities upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Thursday, July 17th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Five equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of "Buy" and a consensus target price of $136.90.

Agnico Eagle Mines 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.