2,709 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEMGet Rating) (TSE:AEM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,709 shares of the mining company’s stock, valued at approximately $124,000.

Several other hedge funds have also recently modified their holdings of AEM. Huntington National Bank raised its holdings in Agnico Eagle Mines by 29.1% in the 1st quarter. Huntington National Bank now owns 968 shares of the mining company’s stock valued at $59,000 after acquiring an additional 218 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in Agnico Eagle Mines by 90.4% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 476 shares of the mining company’s stock valued at $29,000 after acquiring an additional 226 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in Agnico Eagle Mines by 1.2% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 19,835 shares of the mining company’s stock valued at $1,214,000 after acquiring an additional 232 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Agnico Eagle Mines by 34.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,016 shares of the mining company’s stock valued at $62,000 after acquiring an additional 263 shares during the last quarter. Finally, Rational Advisors LLC raised its holdings in Agnico Eagle Mines by 62.0% in the 1st quarter. Rational Advisors LLC now owns 700 shares of the mining company’s stock valued at $43,000 after acquiring an additional 268 shares during the last quarter. Institutional investors and hedge funds own 57.62% of the company’s stock.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $47.76 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.04 and a current ratio of 2.17. The stock has a market capitalization of $21.78 billion, a P/E ratio of 32.71, a PEG ratio of 21.61 and a beta of 0.76. The company has a 50 day moving average price of $43.03 and a 200 day moving average price of $46.11. Agnico Eagle Mines Limited has a fifty-two week low of $36.69 and a fifty-two week high of $67.14.

Agnico Eagle Mines (NYSE:AEMGet Rating) (TSE:AEM) last posted its quarterly earnings data on Thursday, October 27th. The mining company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Agnico Eagle Mines had a net margin of 10.68% and a return on equity of 6.80%. The firm’s quarterly revenue was up 47.4% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. Equities research analysts forecast that Agnico Eagle Mines Limited will post 2.25 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.35%. Agnico Eagle Mines’s payout ratio is currently 109.59%.

Analyst Upgrades and Downgrades

A number of research firms have commented on AEM. National Bank Financial cut their price objective on shares of Agnico Eagle Mines from C$79.00 to C$75.00 in a report on Tuesday, November 1st. Stifel Nicolaus cut their price target on shares of Agnico Eagle Mines from C$100.00 to C$89.00 in a report on Wednesday, July 20th. StockNews.com began coverage on shares of Agnico Eagle Mines in a report on Wednesday, October 12th. They set a “hold” rating for the company. Citigroup upgraded shares of Agnico Eagle Mines from a “neutral” rating to a “buy” rating and set a $50.00 price target for the company in a report on Friday, September 30th. Finally, The Goldman Sachs Group began coverage on shares of Agnico Eagle Mines in a report on Monday, September 12th. They set a “buy” rating and a $55.00 price target for the company. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.67.

About Agnico Eagle Mines

(Get Rating)

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits.

Further Reading

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

Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.