Natixis Advisors LLC Cuts Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Natixis Advisors LLC lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,073 shares of the mining company’s stock after selling 4,719 shares during the quarter. Natixis Advisors LLC’s holdings in Agnico Eagle Mines were worth $9,548,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Agnico Eagle Mines in the 1st quarter valued at approximately $26,000. Private Trust Co. NA increased its position in shares of Agnico Eagle Mines by 454.9% in the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines in the 1st quarter valued at approximately $34,000. Coppell Advisory Solutions LLC increased its position in shares of Agnico Eagle Mines by 235.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company’s stock valued at $37,000 after purchasing an additional 329 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its position in shares of Agnico Eagle Mines by 31.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company’s stock valued at $40,000 after purchasing an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

AEM has been the topic of a number of recent analyst reports. Raymond James Financial raised shares of Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 price objective on the stock in a research report on Monday, June 30th. Cfra Research raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, April 25th. Bank of America increased their price objective on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. CIBC reissued an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, July 15th. Finally, BMO Capital Markets assumed coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an “outperform” rating and a $181.00 target price for the company. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus price target of $136.90.

Agnico Eagle Mines Stock Up 5.0%

Shares of NYSE:AEM opened at $131.45 on Tuesday. The stock has a market cap of $66.09 billion, a P/E ratio of 22.36, a P/E/G ratio of 0.88 and a beta of 0.44. The firm has a fifty day moving average price of $121.36 and a 200 day moving average price of $110.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. Agnico Eagle Mines Limited has a 1-year low of $69.72 and a 1-year high of $131.70.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. Agnico Eagle Mines’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 EPS. Sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, May 30th. This represents a yield of 136.0%. Agnico Eagle Mines’s dividend payout ratio is currently 27.21%.

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.