Union Bancaire Privee UBP SA Decreases Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Union Bancaire Privee UBP SA trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 15.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,820 shares of the mining company’s stock after selling 1,290 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Agnico Eagle Mines were worth $682,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Benjamin Edwards Inc. lifted its stake in Agnico Eagle Mines by 2.0% in the 4th quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company’s stock worth $428,000 after purchasing an additional 106 shares in the last quarter. Duncker Streett & Co. Inc. raised its position in shares of Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after buying an additional 112 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its position in shares of Agnico Eagle Mines by 1.8% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company’s stock valued at $543,000 after buying an additional 120 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Agnico Eagle Mines by 19.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 774 shares of the mining company’s stock valued at $84,000 after buying an additional 125 shares during the period. Finally, Sapient Capital LLC raised its position in shares of Agnico Eagle Mines by 1.2% during the 1st quarter. Sapient Capital LLC now owns 10,984 shares of the mining company’s stock valued at $1,191,000 after buying an additional 128 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on AEM. BMO Capital Markets began coverage on shares of Agnico Eagle Mines in a research report on Wednesday, April 16th. They set an “outperform” rating and a $181.00 price target on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Cfra Research raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, April 25th. Stifel Canada raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, TD Securities reduced their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $127.40.

Agnico Eagle Mines Stock Up 2.6%

Shares of NYSE AEM opened at $122.04 on Friday. The firm has a market cap of $61.44 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 0.66 and a beta of 0.51. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 52-week low of $63.43 and a 52-week high of $126.76. The business’s 50 day moving average is $115.61 and its two-hundred day moving average is $100.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.39 by $0.14. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 34.04%.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.