Alliance Wealth Advisors LLC UT Trims Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Alliance Wealth Advisors LLC UT trimmed its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,842 shares of the mining company’s stock after selling 299 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Agnico Eagle Mines were worth $320,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Natixis Advisors L.P. boosted its position in Agnico Eagle Mines by 1.3% during the 3rd quarter. Natixis Advisors L.P. now owns 18,206 shares of the mining company’s stock worth $827,000 after purchasing an additional 242 shares during the period. FirstPurpose Wealth LLC grew its stake in shares of Agnico Eagle Mines by 3.8% in the third quarter. FirstPurpose Wealth LLC now owns 7,174 shares of the mining company’s stock valued at $326,000 after buying an additional 260 shares in the last quarter. PFG Investments LLC raised its holdings in shares of Agnico Eagle Mines by 3.5% during the 3rd quarter. PFG Investments LLC now owns 8,977 shares of the mining company’s stock valued at $408,000 after buying an additional 302 shares during the period. Chilton Capital Management LLC raised its holdings in shares of Agnico Eagle Mines by 13.3% during the 4th quarter. Chilton Capital Management LLC now owns 3,191 shares of the mining company’s stock valued at $175,000 after buying an additional 375 shares during the period. Finally, Violich Capital Management Inc. lifted its position in Agnico Eagle Mines by 2.0% during the 4th quarter. Violich Capital Management Inc. now owns 21,354 shares of the mining company’s stock worth $1,171,000 after acquiring an additional 425 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AEM has been the topic of a number of analyst reports. Raymond James lifted their price objective on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. TD Securities lowered their target price on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, CIBC cut their price target on Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.14.

Agnico Eagle Mines Stock Up 0.9 %

NYSE:AEM traded up $0.58 during mid-day trading on Friday, reaching $65.52. The stock had a trading volume of 5,018,392 shares, compared to its average volume of 3,718,966. The stock’s 50 day simple moving average is $56.90 and its two-hundred day simple moving average is $52.63. Agnico Eagle Mines Limited has a 1-year low of $43.22 and a 1-year high of $67.80. The company has a market capitalization of $32.67 billion, a price-to-earnings ratio of 68.97, a price-to-earnings-growth ratio of 0.92 and a beta of 1.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.09 and a quick ratio of 0.74.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its 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 business’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Equities analysts anticipate that Agnico Eagle Mines Limited will post 2.77 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.60 annualized dividend and a yield of 2.44%. Agnico Eagle Mines’s payout ratio is 168.42%.

Agnico Eagle Mines 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.