State of Wyoming Sells 4,909 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

State of Wyoming cut its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 44.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,214 shares of the mining company's stock after selling 4,909 shares during the period. State of Wyoming's holdings in Agnico Eagle Mines were worth $486,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. HB Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines during the 4th quarter worth about $208,000. Diversify Wealth Management LLC grew its holdings in Agnico Eagle Mines by 2.1% during the fourth quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock valued at $569,000 after purchasing an additional 141 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Agnico Eagle Mines by 34.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock valued at $51,000 after purchasing an additional 165 shares during the period. Addenda Capital Inc. lifted its stake in shares of Agnico Eagle Mines by 1,651.2% in the fourth quarter. Addenda Capital Inc. now owns 138,817 shares of the mining company's stock worth $10,857,000 after buying an additional 130,890 shares during the last quarter. Finally, Royal Fund Management LLC boosted its holdings in shares of Agnico Eagle Mines by 1.6% during the 4th quarter. Royal Fund Management LLC now owns 26,388 shares of the mining company's stock worth $2,064,000 after buying an additional 405 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Price Performance

Shares of AEM stock opened at $108.23 on Tuesday. Agnico Eagle Mines Limited has a 12 month low of $63.01 and a 12 month high of $126.76. The company has a market capitalization of $54.47 billion, a P/E ratio of 28.63, a P/E/G ratio of 0.66 and a beta of 0.54. The stock has a 50 day moving average of $110.78 and a two-hundred day moving average of $95.69. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping 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 firm had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same period last year, the business earned $0.76 earnings per share. Agnico Eagle Mines's quarterly revenue was up 34.9% compared to the same quarter last year. As a group, equities analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, December 1st. Agnico Eagle Mines's payout ratio is 34.04%.

Wall Street Analyst Weigh In

Several brokerages recently commented on AEM. Royal Bank of Canada lifted their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. TD Securities cut their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Bank of America raised their target price on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Finally, Citigroup lifted their price target on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of "Buy" and an average target price of $124.40.

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.

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