Integrated Advisors Network LLC Sells 3,546 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Integrated Advisors Network LLC reduced its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 20.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,037 shares of the mining company's stock after selling 3,546 shares during the period. Integrated Advisors Network LLC's holdings in Agnico Eagle Mines were worth $1,098,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AEM. Norges Bank purchased a new stake in Agnico Eagle Mines in the 4th quarter valued at $573,446,000. Capital World Investors raised its position in Agnico Eagle Mines by 41.9% in the 4th quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock valued at $1,091,550,000 after buying an additional 4,121,164 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Agnico Eagle Mines by 81.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock valued at $551,339,000 after purchasing an additional 3,155,927 shares during the last quarter. AGF Management Ltd. increased its position in shares of Agnico Eagle Mines by 184.6% during the 4th quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company's stock valued at $109,205,000 after purchasing an additional 905,328 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Agnico Eagle Mines by 3.6% during the 4th quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock valued at $1,745,858,000 after purchasing an additional 778,919 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Price Performance

AEM stock traded up $1.66 during mid-day trading on Wednesday, reaching $117.96. 2,187,973 shares of the company traded hands, compared to its average volume of 2,557,263. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The company has a market capitalization of $59.37 billion, a P/E ratio of 31.21, a P/E/G ratio of 0.66 and a beta of 0.54. Agnico Eagle Mines Limited has a 52-week low of $63.01 and a 52-week high of $126.76. The company has a fifty day moving average price of $112.37 and a 200-day moving average price of $97.05.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The company's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. As a group, analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.40 per share. This represents a yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. Agnico Eagle Mines's payout ratio is presently 34.04%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AEM shares. Wall Street Zen lowered Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Finally, UBS Group raised their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of "Buy" and an average target price of $124.40.

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.