Agnico Eagle Mines Limited (NYSE:AEM) Stock Position Decreased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,147,445 shares of the mining company’s stock after selling 25,185 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Agnico Eagle Mines were worth $124,300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of AEM. Brighton Jones LLC grew its position in shares of Agnico Eagle Mines by 11.5% during the 4th 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 last quarter. Raymond James Financial Inc. acquired a new position in Agnico Eagle Mines during the 4th quarter valued at about $52,503,000. Rockefeller Capital Management L.P. acquired a new position in Agnico Eagle Mines during the 4th quarter valued at about $783,000. Cohen & Steers Inc. acquired a new position in Agnico Eagle Mines during the 4th quarter valued at about $5,106,000. Finally, Mariner LLC boosted its stake in Agnico Eagle Mines by 15.9% during the 4th quarter. Mariner LLC now owns 45,024 shares of the mining company’s stock valued at $3,521,000 after purchasing an additional 6,171 shares during the period. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. TD Securities raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Thursday, July 17th. CIBC reissued an “outperform” rating on shares of Agnico Eagle Mines in a research note on Tuesday, July 15th. Bank of America boosted their target price on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Raymond James Financial raised shares of Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 target price for the company in a research note on Monday, June 30th. Finally, BMO Capital Markets initiated coverage on shares of Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an “outperform” rating and a $181.00 target price for the company. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $136.90.

Agnico Eagle Mines Stock Down 0.1%

AEM stock opened at $135.43 on Tuesday. Agnico Eagle Mines Limited has a 12 month low of $74.64 and a 12 month high of $137.81. The firm has a market cap of $68.09 billion, a PE ratio of 23.03, a P/E/G ratio of 0.94 and a beta of 0.44. The firm has a 50 day simple moving average of $123.00 and a 200 day simple moving average of $112.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the business earned $1.07 earnings per share. The business’s quarterly revenue was up 35.6% on a year-over-year basis. Equities research analysts forecast 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 announced a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 136.0%. Agnico Eagle Mines’s dividend payout ratio is currently 27.21%.

About Agnico Eagle Mines

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.