Round Rock Advisors LLC Reduces Position in Agnico Eagle Mines Limited (NYSE:AEM)

Round Rock Advisors LLC lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,700 shares of the mining company’s stock after selling 100 shares during the period. Round Rock Advisors LLC’s holdings in Agnico Eagle Mines were worth $726,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AEM. Brighton Jones LLC boosted its position in shares of Agnico Eagle Mines by 11.5% during the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after buying an additional 331 shares during the period. US Bancorp DE boosted its holdings in shares of Agnico Eagle Mines by 2.7% in the fourth quarter. US Bancorp DE now owns 6,770 shares of the mining company’s stock valued at $529,000 after purchasing an additional 175 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after purchasing an additional 318 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Agnico Eagle Mines by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company’s stock valued at $255,000 after purchasing an additional 1,431 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $814,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $117.65 on Thursday. The business’s fifty day simple moving average is $117.45 and its 200-day simple moving average is $105.00. The company has a market cap of $59.15 billion, a PE ratio of 25.03, a PEG ratio of 0.86 and a beta of 0.50. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. Agnico Eagle Mines Limited has a 12-month low of $69.72 and a 12-month high of $126.76.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.14. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The business’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 earnings per share. Analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.40 per share. This represents a dividend yield of 1.36%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines’s payout ratio is presently 34.04%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AEM. Royal Bank Of Canada boosted their price target on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. BMO Capital Markets began coverage on Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an “outperform” rating and a $181.00 price target for the company. Lake Street Capital reiterated a “buy” rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Finally, National Bankshares reiterated an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $130.50.

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.