Tower Research Capital LLC TRC decreased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.6% during the first quarter, Holdings Channel reports. The fund owned 10,136 shares of the mining company’s stock after selling 493 shares during the period. Tower Research Capital LLC TRC’s holdings in Agnico Eagle Mines Limited were worth $430,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Financial Architects Inc boosted its stake in Agnico Eagle Mines Limited by 52.8% in the first quarter. Financial Architects Inc now owns 2,605 shares of the mining company’s stock valued at $111,000 after buying an additional 900 shares during the last quarter. IFP Advisors Inc boosted its stake in Agnico Eagle Mines Limited by 9.8% in the first quarter. IFP Advisors Inc now owns 2,639 shares of the mining company’s stock valued at $112,000 after buying an additional 235 shares during the last quarter. WFG Advisors LP boosted its stake in Agnico Eagle Mines Limited by 76.6% in the first quarter. WFG Advisors LP now owns 3,580 shares of the mining company’s stock valued at $152,000 after buying an additional 1,553 shares during the last quarter. Wetherby Asset Management Inc. purchased a new stake in Agnico Eagle Mines Limited during the first quarter valued at $210,000. Finally, Boulegeris Investments Inc. purchased a new stake in Agnico Eagle Mines Limited during the first quarter valued at $217,000. 61.02% of the stock is owned by institutional investors and hedge funds.
Shares of Agnico Eagle Mines Limited (NYSE:AEM) traded up 2.77% during trading on Friday, reaching $47.84. The company’s stock had a trading volume of 1,126,147 shares. The stock has a 50-day moving average of $47.97 and a 200-day moving average of $45.02. The stock has a market cap of $11.01 billion, a P/E ratio of 53.16 and a beta of -0.63. Agnico Eagle Mines Limited has a 52-week low of $35.05 and a 52-week high of $60.10.
Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, April 27th. The mining company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.17. Agnico Eagle Mines Limited had a return on equity of 4.57% and a net margin of 9.43%. The company had revenue of $547.50 million for the quarter, compared to the consensus estimate of $528.14 million. During the same quarter last year, the business posted $0.12 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. Analysts predict that Agnico Eagle Mines Limited will post $0.72 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.84%. Agnico Eagle Mines Limited’s dividend payout ratio (DPR) is presently 43.96%.
Several analysts recently weighed in on the company. ValuEngine raised Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Raymond James Financial, Inc. reissued an “outperform” rating and set a $61.00 price target on shares of Agnico Eagle Mines Limited in a report on Thursday, June 15th. Royal Bank Of Canada set a $54.00 price target on Agnico Eagle Mines Limited and gave the stock a “hold” rating in a report on Monday, June 12th. Barclays PLC dropped their price target on Agnico Eagle Mines Limited from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Monday, March 6th. Finally, Zacks Investment Research raised Agnico Eagle Mines Limited from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.72.
Agnico Eagle Mines Limited Company Profile
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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