SG Americas Securities LLC reduced its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 86.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 20,292 shares of the mining company’s stock after selling 130,192 shares during the period. SG Americas Securities LLC’s holdings in Agnico Eagle Mines Limited were worth $861,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Agnico Eagle Mines Limited during the fourth quarter valued at about $79,369,000. Paulson & CO. Inc. acquired a new position in Agnico Eagle Mines Limited during the fourth quarter valued at about $45,385,000. FMR LLC boosted its position in Agnico Eagle Mines Limited by 8.5% in the fourth quarter. FMR LLC now owns 11,200,604 shares of the mining company’s stock valued at $470,916,000 after buying an additional 874,108 shares during the period. Greystone Managed Investments Inc. acquired a new position in Agnico Eagle Mines Limited during the first quarter valued at about $32,481,000. Finally, Scout Investments Inc. acquired a new position in Agnico Eagle Mines Limited during the first quarter valued at about $26,604,000. 61.04% of the stock is currently owned by institutional investors and hedge funds.

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

Agnico Eagle Mines Limited (NYSE AEM) opened at 46.84 on Friday. Agnico Eagle Mines Limited has a 12-month low of $35.05 and a 12-month high of $60.10. The stock’s 50 day moving average price is $48.04 and its 200 day moving average price is $44.89. The company has a market capitalization of $10.78 billion, a PE ratio of 52.04 and a beta of -0.63.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 27th. The mining company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.17. The firm had revenue of $547.50 million for the quarter, compared to analyst estimates of $528.14 million. Agnico Eagle Mines Limited had a net margin of 9.43% and a return on equity of 4.57%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 earnings per share. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post $0.73 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Tuesday, May 30th. Agnico Eagle Mines Limited’s dividend payout ratio (DPR) is presently 43.96%.

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Several equities analysts recently issued reports on AEM shares. TD Securities reaffirmed a “hold” rating and issued a $48.00 price objective on shares of Agnico Eagle Mines Limited in a research report on Friday, April 28th. Zacks Investment Research cut Agnico Eagle Mines Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Scotiabank reaffirmed an “outperform” rating and issued a $56.50 price objective on shares of Agnico Eagle Mines Limited in a research report on Friday, April 28th. J P Morgan Chase & Co raised Agnico Eagle Mines Limited from a “neutral” rating to an “overweight” rating in a research report on Wednesday, March 29th. Finally, Royal Bank Of Canada lowered their price objective on Agnico Eagle Mines Limited from $51.00 to $46.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $53.72.

About Agnico Eagle Mines Limited

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

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