Agnico Eagle Mines Limited (NYSE:AEM) Stock Holdings Lessened by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has reduced its holdings in Agnico Eagle Mines Limited by 5.1%, now owning 88,073 shares valued at approximately $9.55 million.
• Several institutional investors, including Prudential PLC, have increased their stakes in Agnico Eagle Mines, reflecting growing interest among large investors.
• Agnico Eagle Mines recently reported a quarterly earnings surprise with $1.94 EPS, surpassing analyst expectations, and recorded a revenue increase of 35.6% year-over-year.

Natixis Advisors LLC lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 5.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,073 shares of the mining company's stock after selling 4,719 shares during the period. Natixis Advisors LLC's holdings in Agnico Eagle Mines were worth $9,548,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Agnico Eagle Mines by 1.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company's stock worth $618,000 after purchasing an additional 85 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in Agnico Eagle Mines by 31.1% in the 1st 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. Benjamin Edwards Inc. raised its holdings in Agnico Eagle Mines by 2.0% during the 4th quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock valued at $428,000 after acquiring an additional 106 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its holdings in shares of Agnico Eagle Mines by 1.8% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company's stock worth $543,000 after acquiring an additional 120 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Agnico Eagle Mines by 19.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 774 shares of the mining company's stock valued at $84,000 after purchasing an additional 125 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group boosted their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Cfra Research raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Finally, BMO Capital Markets started coverage on Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $136.90.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock traded up $0.53 on Friday, hitting $136.31. The stock had a trading volume of 1,483,996 shares, compared to its average volume of 2,988,362. The stock has a market cap of $68.54 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 0.94 and a beta of 0.44. Agnico Eagle Mines Limited has a 52-week low of $72.78 and a 52-week high of $137.81. The company's 50 day moving average price is $122.43 and its 200 day moving average price is $111.32. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.46 billion. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%. The business's quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 earnings per share. On average, research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.40 per share. This represents a yield of 136.0%. The ex-dividend date of this dividend was Friday, May 30th. Agnico Eagle Mines's payout ratio is presently 27.21%.

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.