Agnico Eagle Mines Limited (NYSE:AEM) Stake Cut by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 13.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,516 shares of the mining company's stock after selling 50,930 shares during the quarter. Agnico Eagle Mines accounts for 10.7% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its largest holding. Galibier Capital Management Ltd. owned 0.06% of Agnico Eagle Mines worth $34,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Private Trust Co. NA grew its holdings in Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock worth $31,000 after buying an additional 232 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Agnico Eagle Mines in the first quarter worth $34,000. Smartleaf Asset Management LLC boosted its position in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after purchasing an additional 318 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in Agnico Eagle Mines by 31.1% in the first quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company's stock worth $40,000 after purchasing an additional 87 shares during the last quarter. Finally, Continuum Advisory LLC boosted its position in Agnico Eagle Mines by 47.0% in the first quarter. Continuum Advisory LLC now owns 397 shares of the mining company's stock worth $43,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on AEM shares. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Raymond James Financial raised Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price objective on the stock in a research report on Monday, June 30th. Royal Bank Of Canada boosted their price objective on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Lake Street Capital reissued a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. Finally, Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $133.78.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM traded up $1.66 during trading on Friday, reaching $119.81. 1,782,845 shares of the stock traded hands, compared to its average volume of 2,609,399. Agnico Eagle Mines Limited has a 52-week low of $69.72 and a 52-week high of $126.76. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. The company has a 50-day moving average of $117.74 and a 200-day moving average of $105.56. The stock has a market capitalization of $60.24 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 0.88 and a beta of 0.50.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings data 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. The business had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The firm's quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 EPS. Analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

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

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.