Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 66.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the mining company's stock after selling 100,000 shares during the quarter. Teacher Retirement System of Texas' holdings in Agnico Eagle Mines were worth $5,420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Agnico Eagle Mines by 1.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company's stock valued at $618,000 after purchasing an additional 85 shares during the last quarter. Benjamin Edwards Inc. raised its stake in Agnico Eagle Mines by 2.0% in the 4th quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock valued at $428,000 after purchasing an additional 106 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its stake in Agnico Eagle Mines by 1.8% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company's stock valued at $543,000 after purchasing an additional 120 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Agnico Eagle Mines by 19.3% in the 1st 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 during the last quarter. Finally, Continuum Advisory LLC raised its stake in Agnico Eagle Mines by 47.0% in the 1st quarter. Continuum Advisory LLC now owns 397 shares of the mining company's stock valued at $43,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Analysts Set New Price Targets

AEM has been the subject of several analyst reports. Raymond James Financial raised shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 target price for the company in a research note on Monday, June 30th. Lake Street Capital restated a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Citigroup lifted their price target on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a report on Monday, March 31st. Finally, National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines has an average rating of "Buy" and a consensus price target of $130.50.

Agnico Eagle Mines Stock Up 1.8%

NYSE AEM traded up $2.12 on Monday, reaching $122.18. The company had a trading volume of 2,293,053 shares, compared to its average volume of 2,610,460. The firm has a market capitalization of $61.50 billion, a PE ratio of 26.00, a P/E/G 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 firm has a 50-day moving average of $117.39 and a 200-day moving average of $104.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. The firm had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. Agnico Eagle Mines's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. On average, equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

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