Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,276 shares of the mining company’s stock after purchasing an additional 169 shares during the quarter. Yousif Capital Management LLC’s holdings in Agnico Eagle Mines were worth $680,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AEM. Smartleaf Asset Management LLC increased its stake in Agnico Eagle Mines by 859.5% during the 4th 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 in the last quarter. Duncker Streett & Co. Inc. grew its holdings in shares of Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after buying an additional 112 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $34,000. Coppell Advisory Solutions LLC increased its position in shares of Agnico Eagle Mines by 235.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company’s stock valued at $37,000 after acquiring an additional 329 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in Agnico Eagle Mines in the 4th quarter worth $39,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEM has been the topic of several research analyst reports. Scotiabank reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Cfra Research upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Friday, April 25th. Royal Bank Of Canada raised their price target on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Bank of America lifted their price objective on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, April 8th. Finally, Raymond James Financial upped their price objective on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $127.40.

Agnico Eagle Mines Price Performance

NYSE:AEM opened at $121.06 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. The company has a 50 day moving average price of $117.56 and a 200-day moving average price of $101.71. Agnico Eagle Mines Limited has a 1-year low of $63.93 and a 1-year high of $126.76. The firm has a market cap of $60.93 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51.

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

Agnico Eagle Mines Announces Dividend

The firm also recently announced 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 of this dividend was Friday, May 30th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 34.04%.

Agnico Eagle Mines 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.