Agnico Eagle Mines Ltd (AEM) Shares Sold by Advisor Group Inc.

Advisor Group Inc. lowered its stake in shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 7.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,307 shares of the mining company’s stock after selling 1,500 shares during the period. Advisor Group Inc.’s holdings in Agnico Eagle Mines were worth $845,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Agnico Eagle Mines in the third quarter valued at about $375,000. Washington Capital Management Inc. increased its stake in Agnico Eagle Mines by 4.3% in the third quarter. Washington Capital Management Inc. now owns 41,075 shares of the mining company’s stock valued at $1,857,000 after acquiring an additional 1,690 shares during the period. Great West Life Assurance Co. Can increased its stake in Agnico Eagle Mines by 18.2% in the third quarter. Great West Life Assurance Co. Can now owns 927,223 shares of the mining company’s stock valued at $41,930,000 after acquiring an additional 142,749 shares during the period. AGF Investments Inc. increased its stake in Agnico Eagle Mines by 33.0% in the third quarter. AGF Investments Inc. now owns 527,405 shares of the mining company’s stock valued at $23,835,000 after acquiring an additional 131,004 shares during the period. Finally, Legal & General Group Plc increased its stake in Agnico Eagle Mines by 5.1% in the third quarter. Legal & General Group Plc now owns 1,087,879 shares of the mining company’s stock valued at $49,051,000 after acquiring an additional 52,471 shares during the period. 57.05% of the stock is owned by institutional investors and hedge funds.

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Several brokerages have weighed in on AEM. Zacks Investment Research raised shares of Agnico Eagle Mines from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. Royal Bank of Canada decreased their price objective on shares of Agnico Eagle Mines from $52.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, March 12th. Credit Suisse Group reaffirmed a “buy” rating on shares of Agnico Eagle Mines in a research note on Friday, March 9th. Citigroup set a $41.00 price objective on shares of Agnico Eagle Mines and gave the stock a “hold” rating in a research note on Thursday, March 1st. Finally, TD Securities raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $55.00 to $53.00 in a research note on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Agnico Eagle Mines presently has an average rating of “Buy” and an average target price of $55.90.

Agnico Eagle Mines Ltd (NYSE AEM) opened at $41.84 on Monday. Agnico Eagle Mines Ltd has a 12-month low of $37.35 and a 12-month high of $51.86. The stock has a market cap of $9,740.06, a P/E ratio of 40.23, a PEG ratio of 64.87 and a beta of -0.35. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.70 and a current ratio of 3.85.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, February 14th. The mining company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. Agnico Eagle Mines had a net margin of 10.88% and a return on equity of 5.21%. The company had revenue of $565.25 million for the quarter, compared to analyst estimates of $552.10 million. During the same period in the prior year, the business earned $0.04 earnings per share. Agnico Eagle Mines’s quarterly revenue was up 13.2% on a year-over-year basis. research analysts anticipate that Agnico Eagle Mines Ltd will post 0.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.05%. Agnico Eagle Mines’s payout ratio is 42.31%.

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Agnico Eagle Mines Company Profile

Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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