Agnico Eagle Mines Limited $AEM Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. trimmed its position in Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 52.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,200 shares of the mining company’s stock after selling 13,300 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Agnico Eagle Mines were worth $2,068,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. True Wealth Design LLC grew its position in shares of Agnico Eagle Mines by 381.3% in the third quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after purchasing an additional 122 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of Agnico Eagle Mines by 59.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. MCF Advisors LLC acquired a new stake in shares of Agnico Eagle Mines in the third quarter valued at approximately $34,000. Abound Wealth Management increased its holdings in shares of Agnico Eagle Mines by 99.0% in the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after purchasing an additional 104 shares during the last quarter. Finally, Lodestone Wealth Management LLC acquired a new position in Agnico Eagle Mines during the fourth quarter worth $35,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. UBS Group lowered their price objective on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Canadian Imperial Bank of Commerce lowered their price objective on Agnico Eagle Mines from $312.00 to $304.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Erste Group Bank lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Wall Street Zen lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, TD boosted their price objective on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $239.36.

Read Our Latest Stock Report on AEM

Agnico Eagle Mines Stock Down 2.5%

AEM stock opened at $183.51 on Friday. The firm has a market cap of $91.86 billion, a PE ratio of 17.25, a PEG ratio of 9.26 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 2.02. The firm’s 50 day moving average price is $211.77 and its 200-day moving average price is $191.90. Agnico Eagle Mines Limited has a one year low of $103.38 and a one year high of $255.24.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last released its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.19 by $0.21. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.69%. The business’s revenue for the quarter was up 66.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.53 EPS. On average, equities research analysts anticipate that Agnico Eagle Mines Limited will post 12.91 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, June 1st. Agnico Eagle Mines’s payout ratio is presently 20.27%.

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Agnico Eagle Mines Company Profile

(Free Report)

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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