Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 47.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,322 shares of the mining company's stock after selling 8,480 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Agnico Eagle Mines were worth $1,011,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank bought a new position in Agnico Eagle Mines during the fourth quarter valued at $573,446,000. Capital World Investors boosted its stake in shares of Agnico Eagle Mines by 41.9% during the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock valued at $1,091,550,000 after purchasing an additional 4,121,164 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Agnico Eagle Mines by 81.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock valued at $551,339,000 after purchasing an additional 3,155,927 shares during the period. Geode Capital Management LLC boosted its stake in shares of Agnico Eagle Mines by 33.2% during the fourth quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company's stock valued at $239,844,000 after purchasing an additional 749,932 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Agnico Eagle Mines by 304.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 913,936 shares of the mining company's stock valued at $71,465,000 after purchasing an additional 687,971 shares during the period. Hedge funds and other institutional investors own 68.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup boosted their target price on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Lake Street Capital reissued a "buy" rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. 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. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, National Bankshares reiterated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $133.78.

Agnico Eagle Mines Stock Up 1.4%

Shares of AEM stock traded up $1.66 during mid-day trading on Friday, hitting $119.81. 1,782,845 shares of the stock traded hands, compared to its average volume of 2,613,831. The stock has a market cap of $60.24 billion, a P/E ratio of 25.49, a P/E/G ratio of 0.89 and a beta of 0.50. The stock's fifty day moving average is $117.74 and its two-hundred day moving average is $105.74. Agnico Eagle Mines Limited has a 52-week low of $69.72 and a 52-week high of $126.76. 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 announced its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.39 by $0.14. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. Agnico Eagle Mines's revenue was up 34.9% on a year-over-year basis. During the same period last year, the firm posted $0.76 EPS. Equities 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. Investors 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 payout ratio is currently 34.04%.

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.