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

SVB Wealth LLC reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,152 shares of the mining company’s stock after selling 452 shares during the period. SVB Wealth LLC’s holdings in Agnico Eagle Mines were worth $228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Natixis Advisors L.P. boosted its stake in Agnico Eagle Mines by 1.3% in the third quarter. Natixis Advisors L.P. now owns 18,206 shares of the mining company’s stock valued at $827,000 after acquiring an additional 242 shares during the period. FirstPurpose Wealth LLC raised its holdings in shares of Agnico Eagle Mines by 3.8% during 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 during the last quarter. PFG Investments LLC raised its holdings in shares of Agnico Eagle Mines by 3.5% during the third 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 last quarter. Chilton Capital Management LLC raised its holdings in shares of Agnico Eagle Mines by 13.3% during the fourth 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 last quarter. Finally, Violich Capital Management Inc. raised its holdings in shares of Agnico Eagle Mines by 2.0% during the fourth quarter. Violich Capital Management Inc. now owns 21,354 shares of the mining company’s stock valued at $1,171,000 after buying an additional 425 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $62.22 on Tuesday. Agnico Eagle Mines Limited has a 12 month low of $43.22 and a 12 month high of $64.19. The stock has a market cap of $31.02 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 0.96 and a beta of 1.06. The stock’s 50 day moving average price is $55.45 and its 200 day moving average price is $52.16. 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 posted its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.09. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.72 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 2.51 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.60 annualized dividend and a yield of 2.57%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 38.93%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AEM. Jefferies Financial Group lifted their price target on Agnico Eagle Mines from $54.00 to $57.00 and gave the company a “hold” rating in a report on Monday. 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 report on Wednesday, February 7th. TD Securities cut their price target on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Raymond James lifted their price target on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a report on Friday, January 12th. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.14.

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.