Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Cadence Wealth Management LLC

Cadence Wealth Management LLC trimmed its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 98.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,115 shares of the mining company's stock after selling 1,254,272 shares during the quarter. Agnico Eagle Mines makes up 0.7% of Cadence Wealth Management LLC's portfolio, making the stock its 11th biggest holding. Cadence Wealth Management LLC's holdings in Agnico Eagle Mines were worth $884,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AEM. Bruce G. Allen Investments LLC purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at $33,000. CVA Family Office LLC purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at $36,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the third quarter valued at $34,000. Anchor Investment Management LLC purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at $55,000. Finally, Planned Solutions Inc. purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at $93,000. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Up 0.9 %

NYSE:AEM traded up $0.58 on Friday, hitting $65.52. 5,018,392 shares of the stock were exchanged, compared to its average volume of 3,718,966. The stock has a market cap of $32.67 billion, a PE ratio of 68.97, a PEG ratio of 0.92 and a beta of 1.06. The company has a current ratio of 2.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average of $56.90 and a 200-day moving average of $52.67. Agnico Eagle Mines Limited has a fifty-two week low of $43.22 and a fifty-two week high of $67.80.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings results on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.60 by $0.16. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. Agnico Eagle Mines had a return on equity of 6.08% and a net margin of 6.79%. The firm's revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. As a group, equities analysts expect that Agnico Eagle Mines Limited will post 2.77 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.44%. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 168.42%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AEM. Jefferies Financial Group upped their price objective on Agnico Eagle Mines from $54.00 to $57.00 and gave the company a "hold" rating in a research report on Monday, April 22nd. Raymond James increased their target price on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an "outperform" rating in a research report on Friday, January 12th. National Bank Financial reiterated an "outperform overweight" rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. CIBC reduced their target price on Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 7th. Finally, TD Securities reduced their target price on Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $64.14.

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.