Tectonic Advisors LLC Lowers Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Tectonic Advisors LLC cut its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 54.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,235 shares of the mining company's stock after selling 12,405 shares during the period. Tectonic Advisors LLC's holdings in Agnico Eagle Mines were worth $1,110,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Private Trust Co. NA lifted its holdings in shares of Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock worth $31,000 after purchasing an additional 232 shares during the period. Golden State Wealth Management LLC purchased a new position in Agnico Eagle Mines during the 1st quarter worth $34,000. Hexagon Capital Partners LLC lifted its stake in shares of Agnico Eagle Mines by 31.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company's stock worth $40,000 after acquiring an additional 87 shares during the period. Continuum Advisory LLC lifted its stake in shares of Agnico Eagle Mines by 47.0% in the 1st quarter. Continuum Advisory LLC now owns 397 shares of the mining company's stock worth $43,000 after acquiring an additional 127 shares during the period. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Agnico Eagle Mines in the first quarter valued at about $49,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

NYSE:AEM traded up $0.64 during trading hours on Wednesday, reaching $119.70. 2,374,952 shares of the company traded hands, compared to its average volume of 2,611,762. Agnico Eagle Mines Limited has a 1-year low of $69.72 and a 1-year high of $126.76. The stock has a market cap of $60.19 billion, a P/E ratio of 25.47, a P/E/G ratio of 0.89 and a beta of 0.50. The firm's 50-day moving average is $117.85 and its 200-day moving average is $106.31. 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 posted its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the company earned $0.76 earnings per share. The business's revenue for the quarter was up 34.9% compared to the same quarter last year. Equities research analysts expect 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 disclosed a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.40 dividend. This represents a dividend yield of 1.36%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's dividend payout ratio is presently 34.04%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. BMO Capital Markets started coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price target on the stock. Citigroup increased their price objective 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. Finally, Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $136.90.

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.