Medici Capital LLC Trims Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Medici Capital LLC lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 19.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,682 shares of the mining company's stock after selling 29,000 shares during the quarter. Agnico Eagle Mines accounts for about 15.8% of Medici Capital LLC's investment portfolio, making the stock its 2nd biggest holding. Medici Capital LLC's holdings in Agnico Eagle Mines were worth $12,975,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Agnico Eagle Mines during the 4th quarter valued at about $573,446,000. Capital World Investors raised its holdings in Agnico Eagle Mines by 41.9% during the 4th quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock worth $1,091,550,000 after buying an additional 4,121,164 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Agnico Eagle Mines by 81.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock valued at $551,339,000 after buying an additional 3,155,927 shares in the last quarter. AGF Management Ltd. boosted its holdings in shares of Agnico Eagle Mines by 184.6% in the fourth quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company's stock valued at $109,205,000 after buying an additional 905,328 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Agnico Eagle Mines by 33.2% in the fourth quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company's stock valued at $239,844,000 after buying an additional 749,932 shares during the period. Institutional investors own 68.34% of the company's stock.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of research analyst reports. Bank of America raised their price objective on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. UBS Group increased their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Finally, Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of "Buy" and an average price target of $127.40.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM opened at $123.97 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The stock has a 50 day moving average price of $116.58 and a 200 day moving average price of $100.89. The stock has a market capitalization of $62.40 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 0.66 and a beta of 0.51. Agnico Eagle Mines Limited has a 52 week low of $63.81 and a 52 week high of $126.76.

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

Agnico Eagle Mines Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.40 dividend. This represents a yield of 1.36%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

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.

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