Rothschild Asset Management Inc. decreased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 40.9% during the first quarter, Holdings Channel reports. The fund owned 9,727 shares of the mining company’s stock after selling 6,735 shares during the period. Rothschild Asset Management Inc.’s holdings in Agnico Eagle Mines Limited were worth $549,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AEM. FMR LLC boosted its position in shares of 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 last quarter. Gamco Investors INC. ET AL boosted its position in shares of Agnico Eagle Mines Limited by 1.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 67,077 shares of the mining company’s stock valued at $2,817,000 after buying an additional 1,281 shares during the last quarter. Aviva PLC boosted its position in shares of Agnico Eagle Mines Limited by 6.5% in the fourth quarter. Aviva PLC now owns 147,148 shares of the mining company’s stock valued at $6,165,000 after buying an additional 9,045 shares during the last quarter. Allianz Asset Management AG bought a new position in shares of Agnico Eagle Mines Limited during the fourth quarter valued at approximately $402,000. Finally, Renaissance Technologies LLC boosted its position in shares of Agnico Eagle Mines Limited by 321.1% in the fourth quarter. Renaissance Technologies LLC now owns 71,736 shares of the mining company’s stock valued at $3,012,000 after buying an additional 54,700 shares during the last quarter. 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) traded up 0.97% on Friday, reaching $46.84. 2,344,379 shares of the company’s stock traded hands. Agnico Eagle Mines Limited has a 52-week low of $35.05 and a 52-week high of $60.10. The firm has a market capitalization of $10.78 billion, a PE ratio of 52.04 and a beta of -0.63. The firm’s 50 day moving average price is $48.04 and its 200 day moving average price is $44.89.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid 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 of this dividend was Tuesday, May 30th. Agnico Eagle Mines Limited’s dividend payout ratio (DPR) is 43.96%.

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A number of equities analysts have issued reports on the stock. TheStreet raised shares of Agnico Eagle Mines Limited from a “c” rating to a “b-” rating in a report on Tuesday, February 21st. Barclays PLC cut their target price on shares of Agnico Eagle Mines Limited from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Monday, March 6th. Royal Bank Of Canada cut their target price on shares of Agnico Eagle Mines Limited from $51.00 to $46.00 and set a “sector perform” rating on the stock in a report on Thursday, March 16th. J P Morgan Chase & Co raised shares of Agnico Eagle Mines Limited from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 29th. Finally, Zacks Investment Research raised shares of Agnico Eagle Mines Limited from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $53.72.

Agnico Eagle Mines Limited Company Profile

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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