Agnico Eagle Mines Ltd (AEM) Position Increased by Violich Capital Management Inc.

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Violich Capital Management Inc. boosted its holdings in shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,392 shares of the mining company’s stock after purchasing an additional 412 shares during the quarter. Violich Capital Management Inc.’s holdings in Agnico Eagle Mines were worth $1,105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. PRW Wealth Management LLC bought a new stake in Agnico Eagle Mines in the 4th quarter worth approximately $26,000. Lenox Wealth Management Inc. increased its stake in Agnico Eagle Mines by 61.6% in the 4th quarter. Lenox Wealth Management Inc. now owns 771 shares of the mining company’s stock worth $31,000 after acquiring an additional 294 shares during the last quarter. Optimum Investment Advisors bought a new stake in Agnico Eagle Mines in the 4th quarter worth approximately $40,000. NumerixS Investment Technologies Inc bought a new stake in Agnico Eagle Mines in the 4th quarter worth approximately $99,000. Finally, Quadrant Capital Group LLC increased its stake in Agnico Eagle Mines by 26.2% in the 1st quarter. Quadrant Capital Group LLC now owns 2,483 shares of the mining company’s stock worth $105,000 after acquiring an additional 515 shares during the last quarter. 63.20% of the stock is currently owned by institutional investors.

Shares of Agnico Eagle Mines stock traded down $0.01 on Friday, reaching $40.74. The company had a trading volume of 49,505 shares, compared to its average volume of 1,247,472. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 136.97, a price-to-earnings-growth ratio of 80.57 and a beta of -0.52. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 2.96. Agnico Eagle Mines Ltd has a 1 year low of $32.18 and a 1 year high of $47.83.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, April 25th. The mining company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.07. The firm had revenue of $532.20 million during the quarter, compared to analysts’ expectations of $515.52 million. Agnico Eagle Mines had a positive return on equity of 1.47% and a negative net margin of 15.60%. The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. Sell-side analysts predict that Agnico Eagle Mines Ltd will post 0.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.219 dividend. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, May 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.15%.

AEM has been the topic of a number of research reports. Raymond James reaffirmed an “outperform” rating and issued a $56.00 price objective on shares of Agnico Eagle Mines in a research note on Monday, April 29th. GMP Securities raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. CIBC reaffirmed a “buy” rating on shares of Agnico Eagle Mines in a research note on Sunday, January 20th. Barclays downgraded Agnico Eagle Mines from an “overweight” rating to an “equal weight” rating and set a $43.60 price objective on the stock. in a research note on Tuesday, April 9th. Finally, Zacks Investment Research raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Wednesday, January 23rd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $51.37.

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About Agnico Eagle Mines

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.

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

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