Integrated Advisors Network LLC Has $664,000 Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Integrated Advisors Network LLC lessened its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 56.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,125 shares of the mining company's stock after selling 7,912 shares during the period. Integrated Advisors Network LLC's holdings in Agnico Eagle Mines were worth $664,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its position in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after acquiring an additional 318 shares during the last quarter. Duncker Streett & Co. Inc. raised its position in shares of Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after acquiring an additional 112 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at $34,000. Coppell Advisory Solutions LLC raised its position in shares of Agnico Eagle Mines by 235.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock valued at $37,000 after acquiring an additional 329 shares during the last quarter. Finally, Montag A & Associates Inc. raised its position in shares of Agnico Eagle Mines by 85.2% during the 4th quarter. Montag A & Associates Inc. now owns 500 shares of the mining company's stock valued at $39,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Up 2.0%

NYSE AEM traded up $2.42 on Friday, reaching $124.51. The company had a trading volume of 2,989,145 shares, compared to its average volume of 2,576,199. The firm has a market capitalization of $62.68 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 0.66 and a beta of 0.51. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. Agnico Eagle Mines Limited has a 1-year low of $63.81 and a 1-year high of $126.76. The company's fifty day moving average is $116.10 and its 200-day moving average is $100.50.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. On average, research 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 firm also recently disclosed a dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines's dividend payout ratio is 34.04%.

Analysts Set New Price Targets

AEM has been the subject of several recent research reports. Citigroup upped their target price 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. Scotiabank reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. UBS Group upped their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Bank of America boosted their price target on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Finally, Raymond James boosted their price target on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $127.40.

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.