LPL Financial LLC Lowers Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

LPL Financial LLC lowered its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 8.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 195,966 shares of the mining company's stock after selling 17,671 shares during the period. LPL Financial LLC's holdings in Agnico Eagle Mines were worth $21,245,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AEM. Private Trust Co. NA grew its position 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 acquiring an additional 232 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Agnico Eagle Mines during the 1st quarter worth approximately $34,000. Coppell Advisory Solutions LLC lifted its stake in Agnico Eagle Mines by 235.0% in 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 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 valued at $40,000 after buying an additional 87 shares in 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 valued at $43,000 after buying an additional 127 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock traded up $0.82 during trading on Friday, hitting $136.60. The stock had a trading volume of 1,083,454 shares, compared to its average volume of 2,987,791. Agnico Eagle Mines Limited has a 1 year low of $72.78 and a 1 year high of $137.81. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The stock's 50 day moving average is $122.43 and its two-hundred day moving average is $111.32. The stock has a market cap of $68.68 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 0.94 and a beta of 0.44.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The company's revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the company earned $1.07 earnings per share. As a group, analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 136.0%. Agnico Eagle Mines's payout ratio is 27.21%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. TD Securities upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Thursday, July 17th. UBS Group increased their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. National Bankshares reiterated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. BMO Capital Markets began coverage on Agnico Eagle Mines in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 target price for the company. Finally, Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of "Buy" and a consensus target price of $136.90.

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.