Atria Wealth Solutions Inc. Sells 7,373 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Atria Wealth Solutions Inc. reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,925 shares of the mining company's stock after selling 7,373 shares during the period. Atria Wealth Solutions Inc.'s holdings in Agnico Eagle Mines were worth $4,452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AEM. FMR LLC grew its stake in shares of Agnico Eagle Mines by 43.5% in the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock valued at $1,213,311,000 after purchasing an additional 4,562,005 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Agnico Eagle Mines by 16.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company's stock worth $474,660,000 after acquiring an additional 817,240 shares during the last quarter. Van ECK Associates Corp grew its position in Agnico Eagle Mines by 3.6% during the 4th quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock worth $1,745,858,000 after acquiring an additional 778,919 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Agnico Eagle Mines by 262.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company's stock worth $85,413,000 after acquiring an additional 767,912 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Agnico Eagle Mines by 17.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company's stock worth $326,571,000 after acquiring an additional 591,178 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AEM has been the topic of a number of research analyst reports. StockNews.com upgraded Agnico Eagle Mines from a "buy" rating to a "strong-buy" rating in a research report on Monday. Scotiabank increased their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. TD Securities cut their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research note on Wednesday. Jefferies Financial Group increased their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada upped their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of "Buy" and an average price target of $94.63.

Agnico Eagle Mines Stock Performance

NYSE:AEM traded down $1.96 during mid-day trading on Friday, hitting $96.09. The stock had a trading volume of 2,378,830 shares, compared to its average volume of 2,187,109. Agnico Eagle Mines Limited has a twelve month low of $47.73 and a twelve month high of $101.45. The stock has a market cap of $48.32 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 0.67 and a beta of 1.10. The company's 50 day simple moving average is $87.46 and its 200 day simple moving average is $83.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. On average, equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.67%. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 42.33%.

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.