State of Wisconsin Investment Board Has $8.64 Million Stake in Agnico Eagle Mines Ltd (NYSE:AEM)

State of Wisconsin Investment Board lessened its stake in shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 9.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 198,634 shares of the mining company’s stock after selling 21,268 shares during the period. State of Wisconsin Investment Board’s holdings in Agnico Eagle Mines were worth $8,639,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PRW Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines during the 4th quarter worth $26,000. Signaturefd LLC increased its position in shares of Agnico Eagle Mines by 36.2% during the 1st quarter. Signaturefd LLC now owns 1,743 shares of the mining company’s stock worth $76,000 after purchasing an additional 463 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter worth about $99,000. Quadrant Capital Group LLC increased its position in shares of Agnico Eagle Mines by 26.2% during the 1st quarter. Quadrant Capital Group LLC now owns 2,483 shares of the mining company’s stock worth $105,000 after purchasing an additional 515 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Agnico Eagle Mines by 18.2% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,600 shares of the mining company’s stock worth $113,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 62.15% of the company’s stock.

AEM has been the subject of a number of recent analyst reports. ValuEngine raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. CIBC reissued a “buy” rating and set a $57.50 price objective on shares of Agnico Eagle Mines in a research report on Friday, April 5th. Barclays downgraded Agnico Eagle Mines from an “overweight” rating to an “equal weight” rating and set a $43.60 price objective for the company. in a research report on Tuesday, April 9th. Desjardins downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Zacks Investment Research raised Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a research report on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Agnico Eagle Mines has a consensus rating of “Buy” and an average target price of $51.37.

NYSE AEM opened at $46.30 on Friday. The stock has a market capitalization of $10.87 billion, a price-to-earnings ratio of 154.33, a PEG ratio of 90.78 and a beta of -0.53. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.96 and a quick ratio of 1.43. Agnico Eagle Mines Ltd has a 1-year low of $32.18 and a 1-year high of $47.83.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, April 25th. The mining company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.07. The company had revenue of $532.20 million during the quarter, compared to the consensus estimate of $515.52 million. Agnico Eagle Mines had a positive return on equity of 1.47% and a negative net margin of 15.60%. Agnico Eagle Mines’s revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. On average, sell-side analysts forecast that Agnico Eagle Mines Ltd will post 0.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.219 dividend. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.11. This represents a $0.88 annualized dividend and a yield of 1.89%. The ex-dividend date was Thursday, May 30th.

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Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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

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