Lazard Asset Management LLC decreased its stake in shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 1.3% during the first quarter, HoldingsChannel.com reports. The firm owned 481,361 shares of the mining company’s stock after selling 6,555 shares during the quarter. Lazard Asset Management LLC’s holdings in Agnico Eagle Mines were worth $20,939,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. PRW Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at $26,000. Signaturefd LLC lifted its holdings in shares of Agnico Eagle Mines by 36.2% during the first quarter. Signaturefd LLC now owns 1,743 shares of the mining company’s stock valued at $76,000 after purchasing an additional 463 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in Agnico Eagle Mines during the fourth quarter valued at $99,000. Quadrant Capital Group LLC raised its position in Agnico Eagle Mines by 26.2% during the first quarter. Quadrant Capital Group LLC now owns 2,483 shares of the mining company’s stock valued at $105,000 after buying an additional 515 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Agnico Eagle Mines by 18.2% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,600 shares of the mining company’s stock valued at $113,000 after buying an additional 400 shares during the period. Institutional investors own 62.15% of the company’s stock.

Several research analysts recently weighed in on AEM shares. ValuEngine raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. CIBC reissued a “buy” rating and set a $57.50 price target on shares of Agnico Eagle Mines in a research report on Friday, April 5th. Barclays lowered Agnico Eagle Mines from an “overweight” rating to an “equal weight” rating and set a $43.60 price target on the stock. in a research report on Tuesday, April 9th. Desjardins lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Zacks Investment Research raised Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a research report on Monday, April 22nd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus price target of $51.37.

AEM opened at $46.70 on Friday. The stock has a market cap of $10.92 billion, a PE ratio of 155.00, a P/E/G ratio of 91.18 and a beta of -0.53. Agnico Eagle Mines Ltd has a 52-week low of $32.18 and a 52-week high of $47.83. The company has a quick ratio of 1.43, a current ratio of 2.96 and a debt-to-equity ratio of 0.39.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Thursday, April 25th. The mining company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.07. The company had revenue of $532.20 million during the quarter, compared to the consensus estimate 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 firm’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 EPS. On average, equities research analysts forecast that Agnico Eagle Mines Ltd will post 0.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.219 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, May 30th. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.11.

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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.

Further Reading: The Role of a Fiduciary and Individual Investors

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

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