Agnico Eagle Mines Limited (AEM) Position Reduced by KLCM Advisors Inc.

KLCM Advisors Inc. decreased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 8.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,100 shares of the mining company’s stock after selling 1,900 shares during the quarter. KLCM Advisors Inc.’s holdings in Agnico Eagle Mines were worth $888,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. High Pointe Capital Management LLC boosted its stake in Agnico Eagle Mines by 29.0% in the 4th quarter. High Pointe Capital Management LLC now owns 6,270 shares of the mining company’s stock valued at $290,000 after buying an additional 1,410 shares in the last quarter. US Bancorp DE raised its position in Agnico Eagle Mines by 35.2% in the 4th quarter. US Bancorp DE now owns 5,837 shares of the mining company’s stock valued at $270,000 after purchasing an additional 1,521 shares during the last quarter. BlackRock Inc. raised its position in Agnico Eagle Mines by 1.1% in the 1st quarter. BlackRock Inc. now owns 146,755 shares of the mining company’s stock valued at $6,174,000 after purchasing an additional 1,629 shares during the last quarter. Washington Capital Management Inc. raised its position in Agnico Eagle Mines by 4.2% in the 4th quarter. Washington Capital Management Inc. now owns 42,820 shares of the mining company’s stock valued at $1,977,000 after purchasing an additional 1,745 shares during the last quarter. Finally, Exane Derivatives raised its position in Agnico Eagle Mines by 7.7% in the 4th quarter. Exane Derivatives now owns 25,653 shares of the mining company’s stock valued at $1,184,000 after purchasing an additional 1,840 shares during the last quarter. 58.35% of the stock is currently owned by institutional investors and hedge funds.

AEM has been the subject of several research analyst reports. Raymond James cut their price objective on Agnico Eagle Mines from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. Credit Suisse Group reiterated a “buy” rating and issued a $62.00 price objective on shares of Agnico Eagle Mines in a research report on Friday, January 26th. GMP Securities downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Scotiabank set a $57.00 price objective on Agnico Eagle Mines and gave the company a “buy” rating in a research report on Saturday, February 17th. Finally, National Bank Financial downgraded Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 16th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Agnico Eagle Mines has a consensus rating of “Buy” and a consensus target price of $55.90.

AEM stock opened at $42.83 on Wednesday. The firm has a market cap of $9.99 billion, a PE ratio of 38.59, a PEG ratio of 68.00 and a beta of -0.39. Agnico Eagle Mines Limited has a twelve month low of $37.35 and a twelve month high of $51.86. The company has a quick ratio of 2.24, a current ratio of 3.63 and a debt-to-equity ratio of 0.28.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, April 26th. The mining company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $578.40 million for the quarter, compared to the consensus estimate of $541.61 million. Agnico Eagle Mines had a return on equity of 4.29% and a net margin of 9.36%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. equities research analysts predict that Agnico Eagle Mines Limited will post 0.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.03%. Agnico Eagle Mines’s payout ratio is currently 39.64%.

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.

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

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