Triasima Portfolio Management inc. Has $5.59 Million Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Triasima Portfolio Management inc. lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 6.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,600 shares of the mining company's stock after selling 3,500 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Agnico Eagle Mines were worth $5,590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Cullen Frost Bankers Inc. boosted its holdings in Agnico Eagle Mines by 193.4% in the first quarter. Cullen Frost Bankers Inc. now owns 1,027 shares of the mining company's stock worth $111,000 after purchasing an additional 677 shares during the period. Bridgewater Advisors Inc. acquired a new position in Agnico Eagle Mines in the first quarter worth $276,000. Violich Capital Management Inc. boosted its holdings in Agnico Eagle Mines by 3.2% in the first quarter. Violich Capital Management Inc. now owns 36,327 shares of the mining company's stock worth $3,938,000 after purchasing an additional 1,110 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Agnico Eagle Mines by 1,033.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,221 shares of the mining company's stock worth $241,000 after purchasing an additional 2,025 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Agnico Eagle Mines by 3.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company's stock worth $1,457,160,000 after purchasing an additional 499,362 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

Shares of AEM stock traded down $1.04 during trading hours on Thursday, hitting $118.67. 1,770,254 shares of the company's stock were exchanged, compared to its average volume of 2,609,804. The stock's 50-day moving average is $117.89 and its 200-day moving average is $106.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. The stock has a market cap of $59.67 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 0.89 and a beta of 0.50. Agnico Eagle Mines Limited has a 52 week low of $69.72 and a 52 week high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the firm posted $0.76 earnings per share. The firm's revenue for the quarter was up 34.9% compared to the same quarter last year. As a group, research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have commented on AEM shares. Royal Bank Of Canada lifted their price objective on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Scotiabank reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. BMO Capital Markets began coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 target price on the stock. Finally, National Bankshares reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. Two equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $136.90.

Agnico Eagle Mines Company 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.