U S Global Investors Inc. Decreases Stake in Agnico Eagle Mines Limited (NYSE:AEM)

U S Global Investors Inc. reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 13.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,500 shares of the mining company's stock after selling 5,000 shares during the period. U S Global Investors Inc.'s holdings in Agnico Eagle Mines were worth $3,523,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its position in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after purchasing an additional 318 shares during the last quarter. Duncker Streett & Co. Inc. grew its position in shares of Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after buying an additional 112 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Agnico Eagle Mines in the 4th quarter worth approximately $34,000. Golden State Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines in the 1st quarter worth approximately $34,000. Finally, Coppell Advisory Solutions LLC grew its position in shares of Agnico Eagle Mines by 235.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock worth $37,000 after buying an additional 329 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 5.6%

Shares of AEM traded down $6.95 on Friday, reaching $116.10. The stock had a trading volume of 4,919,386 shares, compared to its average volume of 2,602,942. The company has a 50-day simple moving average of $117.50 and a 200-day simple moving average of $103.06. The firm has a market capitalization of $58.44 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 0.89 and a beta of 0.51. Agnico Eagle Mines Limited has a 12-month low of $64.65 and a 12-month high of $126.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 2.37.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. The business 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%. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. Sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed 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 1.36%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's payout ratio is 34.04%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Raymond James Financial lifted their price objective on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Lake Street Capital reiterated a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. Finally, Bank of America lifted their price objective on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of "Buy" and a consensus target price of $130.50.

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.