Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 13.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,299 shares of the mining company’s stock after selling 516 shares during the period. Brown Advisory Inc.’s holdings in Agnico Eagle Mines were worth $358,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DAVENPORT & Co LLC acquired a new stake in Agnico Eagle Mines in the first quarter valued at $226,000. Bank of New York Mellon Corp grew its holdings in Agnico Eagle Mines by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 485,317 shares of the mining company’s stock valued at $52,613,000 after purchasing an additional 5,717 shares during the last quarter. Private Trust Co. NA grew its holdings in Agnico Eagle Mines by 454.9% in the first 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 acquired a new stake in Agnico Eagle Mines in the first quarter valued at $34,000. Finally, Captrust Financial Advisors grew its holdings in Agnico Eagle Mines by 6.5% in the fourth quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company’s stock valued at $443,000 after purchasing an additional 347 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 0.4%

Shares of NYSE:AEM opened at $119.12 on Wednesday. The stock’s 50-day moving average price is $117.85 and its two-hundred day moving average price is $106.31. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. Agnico Eagle Mines Limited has a 12-month low of $69.72 and a 12-month high of $126.76. The firm has a market cap of $59.89 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 0.89 and a beta of 0.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.14. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS. On average, research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 34.04%.

Wall Street Analyst Weigh In

AEM has been the topic of several research reports. Scotiabank reissued an “outperform” rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Citigroup increased their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 31st. Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Wednesday, March 19th. Lake Street Capital reaffirmed a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Finally, Raymond James Financial raised Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 price objective on the stock in a research note on Monday, June 30th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Buy” and an average target price of $136.90.

About Agnico Eagle Mines

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.