Amitell Capital Pte Ltd Sells 25,152 Shares of Agnico Eagle Mines Limited $AEM

Amitell Capital Pte Ltd reduced its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 47.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,773 shares of the mining company’s stock after selling 25,152 shares during the period. Agnico Eagle Mines makes up about 2.9% of Amitell Capital Pte Ltd’s investment portfolio, making the stock its 13th largest position. Amitell Capital Pte Ltd’s holdings in Agnico Eagle Mines were worth $4,681,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AEM. True Wealth Design LLC lifted its holdings in Agnico Eagle Mines by 381.3% during the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after purchasing an additional 122 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Agnico Eagle Mines in the second quarter valued at about $29,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Agnico Eagle Mines by 59.7% during the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock worth $33,000 after buying an additional 74 shares during the last quarter. MCF Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at $34,000. Finally, Addison Advisors LLC boosted its holdings in Agnico Eagle Mines by 94.1% during the third quarter. Addison Advisors LLC now owns 229 shares of the mining company’s stock worth $39,000 after buying an additional 111 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 1.4%

Shares of NYSE:AEM opened at $240.63 on Thursday. The company has a market capitalization of $120.56 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 0.57 and a beta of 0.63. Agnico Eagle Mines Limited has a 1 year low of $92.11 and a 1 year high of $245.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.33. The business’s 50-day moving average is $199.36 and its 200-day moving average is $173.31.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, February 12th. The mining company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.13. The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.40 billion. Agnico Eagle Mines had a return on equity of 18.09% and a net margin of 37.47%.The firm’s revenue was up 60.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 EPS. Equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 18.02%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Jefferies Financial Group set a $189.00 price target on Agnico Eagle Mines in a report on Sunday, December 7th. Scotiabank restated an “outperform” rating and set a $280.00 target price on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. TD Securities set a $251.00 price objective on Agnico Eagle Mines and gave the company a “buy” rating in a report on Tuesday, February 17th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $240.00 price objective on shares of Agnico Eagle Mines in a report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $234.91.

About Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.