Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 3.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 130,467 shares of the mining company's stock after selling 4,103 shares during the quarter. Agnico Eagle Mines comprises about 1.1% of Lee Danner & Bass Inc.'s portfolio, making the stock its 20th largest holding. Lee Danner & Bass Inc.'s holdings in Agnico Eagle Mines were worth $14,144,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings 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 purchasing an additional 318 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Agnico Eagle Mines by 454.9% during the 1st 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Agnico Eagle Mines during the 4th quarter valued at approximately $34,000. Golden State Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines during the 1st quarter valued at approximately $34,000. Finally, Coppell Advisory Solutions LLC increased its holdings 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 purchasing an additional 329 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AEM has been the subject of several recent analyst reports. Bank of America boosted their price target on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Lake Street Capital reissued a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Finally, Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines currently has an average rating of "Buy" and a consensus target price of $130.50.

Agnico Eagle Mines Trading Up 1.8%

NYSE AEM traded up $2.12 during trading hours on Monday, reaching $122.18. The company had a trading volume of 2,293,069 shares, compared to its average volume of 2,610,462. The stock has a market capitalization of $61.50 billion, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 0.90 and a beta of 0.50. Agnico Eagle Mines Limited has a 1-year low of $68.87 and a 1-year high of $126.76. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $117.45 and a 200 day moving average of $104.83.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 26.48% and a return on equity of 12.09%. The business's quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 earnings per share. As a group, research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines's dividend payout ratio is presently 34.04%.

Agnico Eagle Mines Company 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.