Private Advisor Group LLC Acquires 428 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Private Advisor Group LLC boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,054 shares of the mining company’s stock after purchasing an additional 428 shares during the quarter. Private Advisor Group LLC’s holdings in Agnico Eagle Mines were worth $1,090,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AEM. Private Trust Co. NA lifted its stake in Agnico Eagle Mines by 454.9% in the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock worth $31,000 after purchasing an additional 232 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines in the first quarter worth about $34,000. Coppell Advisory Solutions LLC lifted its position in shares of Agnico Eagle Mines by 235.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company’s stock worth $37,000 after buying an additional 329 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in Agnico Eagle Mines by 31.1% during the first quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company’s stock valued at $40,000 after buying an additional 87 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in Agnico Eagle Mines by 47.0% during the first quarter. Continuum Advisory LLC now owns 397 shares of the mining company’s stock valued at $43,000 after buying an additional 127 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $126.96 on Monday. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $120.00 and its two-hundred day moving average is $108.89. Agnico Eagle Mines Limited has a 52 week low of $69.72 and a 52 week high of $129.77. The company has a market capitalization of $63.84 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 0.91 and a beta of 0.50.

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

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines’s dividend payout ratio (DPR) is currently 34.04%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. TD Securities raised Agnico Eagle Mines to a “strong-buy” rating in a report on Thursday, July 17th. Cfra Research raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, April 25th. UBS Group lifted their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, April 11th. Bank of America upped 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 report on Monday, June 23rd. Finally, Citigroup lifted their price target on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $136.90.

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.