Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Lbp Am Sa

LBP AM SA decreased its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 45.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,486 shares of the mining company's stock after selling 139,706 shares during the period. LBP AM SA's holdings in Agnico Eagle Mines were worth $18,482,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings 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 valued at $28,000 after purchasing an additional 318 shares during the last quarter. Private Trust Co. NA boosted its holdings in Agnico Eagle Mines by 454.9% in the first quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Agnico Eagle Mines in the fourth quarter valued at about $34,000. Golden State Wealth Management LLC purchased a new position in Agnico Eagle Mines in the first quarter valued at about $34,000. Finally, Coppell Advisory Solutions LLC boosted its holdings in Agnico Eagle Mines by 235.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock valued at $37,000 after purchasing an additional 329 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock traded up $1.66 on Friday, reaching $119.81. 1,782,845 shares of the company were exchanged, compared to its average volume of 2,613,831. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 2.37. The company's 50-day moving average is $117.74 and its two-hundred day moving average is $105.74. The firm has a market cap of $60.24 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 0.89 and a beta of 0.50. Agnico Eagle Mines Limited has a 1-year low of $69.72 and a 1-year high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly 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 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 business's quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. As a group, research analysts expect 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. Stockholders of record on Monday, June 2nd were given a dividend of $0.40 per share. This represents a dividend yield of 1.36%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's payout ratio is 34.04%.

Analyst Ratings Changes

AEM has been the subject of a number of analyst reports. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. UBS Group upped their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Finally, Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $133.78.

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.