Stifel Financial Corp Sells 52,938 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Stifel Financial Corp cut its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 418,748 shares of the mining company's stock after selling 52,938 shares during the quarter. Stifel Financial Corp owned 0.08% of Agnico Eagle Mines worth $32,750,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Duncker Streett & Co. Inc. increased its stake in Agnico Eagle Mines by 37.3% during 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 period. Pinnacle Wealth Management Group Inc. increased its holdings in Agnico Eagle Mines by 0.5% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company's stock worth $1,909,000 after purchasing an additional 125 shares during the period. Diversify Wealth Management LLC raised its position in Agnico Eagle Mines by 2.1% in the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock valued at $569,000 after purchasing an additional 141 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Agnico Eagle Mines by 24.5% in the 4th quarter. Quadrant Capital Group LLC now owns 787 shares of the mining company's stock valued at $62,000 after buying an additional 155 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Agnico Eagle Mines by 34.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock worth $51,000 after buying an additional 165 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Down 2.4 %

AEM traded down $2.82 during trading on Tuesday, reaching $116.20. The company had a trading volume of 864,728 shares, compared to its average volume of 2,429,014. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. Agnico Eagle Mines Limited has a 12-month low of $63.01 and a 12-month high of $126.76. The firm's 50-day simple moving average is $106.50 and its 200 day simple moving average is $92.95. The company has a market cap of $58.48 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 0.66 and a beta of 0.87.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.14. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.38%. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AEM shares. Raymond James raised their price objective on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, April 4th. BMO Capital Markets initiated coverage on shares of Agnico Eagle Mines in a research report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price objective for the company. Citigroup upped their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Finally, Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $124.40.

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.