Farther Finance Advisors LLC Has $502,000 Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Farther Finance Advisors LLC lowered its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,641 shares of the mining company’s stock after selling 155 shares during the period. Farther Finance Advisors LLC’s holdings in Agnico Eagle Mines were worth $502,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AEM. Norges Bank bought a new stake in Agnico Eagle Mines during the fourth quarter worth $573,446,000. Capital World Investors lifted its position in shares of Agnico Eagle Mines by 41.9% during the 4th quarter. Capital World Investors now owns 13,952,061 shares of the mining company’s stock valued at $1,091,550,000 after buying an additional 4,121,164 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Agnico Eagle Mines by 81.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company’s stock valued at $551,339,000 after buying an additional 3,155,927 shares during the last quarter. AGF Management Ltd. lifted its position in shares of Agnico Eagle Mines by 184.6% during the 4th quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company’s stock valued at $109,205,000 after buying an additional 905,328 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Agnico Eagle Mines by 33.2% during the 4th quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company’s stock valued at $239,844,000 after buying an additional 749,932 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $124.51 on Monday. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $62.68 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 0.66 and a beta of 0.51. The business’s 50-day moving average price is $116.10 and its 200-day moving average price is $100.61. Agnico Eagle Mines Limited has a 12 month low of $63.81 and a 12 month high of $126.76.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the company earned $0.76 EPS. The company’s revenue was up 34.9% on a year-over-year basis. Sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines’s payout ratio is 34.04%.

Analyst Ratings Changes

A number of research firms recently issued reports on AEM. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. Royal Bank of Canada boosted their price objective on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Raymond James raised their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, April 4th. National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. Finally, Wall Street Zen cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Buy” and an average target price of $127.40.

Agnico Eagle Mines Company 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.