Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lowered its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 76.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,270 shares of the mining company's stock after selling 19,944 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Agnico Eagle Mines were worth $491,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors lifted its holdings in Agnico Eagle Mines by 7.0% in the 3rd quarter. Captrust Financial Advisors now owns 5,316 shares of the mining company's stock valued at $428,000 after purchasing an additional 349 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Agnico Eagle Mines during the 3rd quarter worth $333,000. HighTower Advisors LLC increased its stake in Agnico Eagle Mines by 10.8% in the third quarter. HighTower Advisors LLC now owns 50,066 shares of the mining company's stock valued at $4,035,000 after purchasing an additional 4,865 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Agnico Eagle Mines by 8.4% during the third quarter. Integrated Wealth Concepts LLC now owns 6,289 shares of the mining company's stock worth $507,000 after buying an additional 486 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of Agnico Eagle Mines by 10.8% during the 3rd quarter. Quantinno Capital Management LP now owns 17,561 shares of the mining company's stock valued at $1,415,000 after acquiring an additional 1,713 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

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Analyst Ratings Changes

AEM has been the topic of a number of recent research reports. Citigroup boosted their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Scotiabank lifted their target price on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. Royal Bank of Canada increased their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Bank of America increased their price target on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. Finally, UBS Group boosted their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $111.90.

Agnico Eagle Mines Stock Performance

AEM stock traded down $0.12 on Monday, reaching $117.53. The company's stock had a trading volume of 1,011,983 shares, compared to its average volume of 2,416,263. The firm has a fifty day moving average of $101.63 and a two-hundred day moving average of $89.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The company has a market capitalization of $59.15 billion, a P/E ratio of 31.09, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines Limited has a 52 week low of $60.15 and a 52 week high of $119.22.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. As a group, analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines's dividend payout ratio is currently 42.33%.

Agnico Eagle Mines Company 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.