180 Wealth Advisors LLC Boosts Holdings in Agnico Eagle Mines Limited $AEM

180 Wealth Advisors LLC raised its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 184.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,793 shares of the mining company’s stock after buying an additional 3,754 shares during the period. 180 Wealth Advisors LLC’s holdings in Agnico Eagle Mines were worth $982,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AEM. True Wealth Design LLC lifted its position in Agnico Eagle Mines by 381.3% during 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 lifted its holdings in Agnico Eagle Mines by 59.7% during 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 in the last quarter. MCF Advisors LLC bought a new position in shares of Agnico Eagle Mines in the third quarter worth approximately $34,000. Caitlin John LLC bought a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at $36,000. Finally, Addison Advisors LLC boosted its holdings in Agnico Eagle Mines by 94.1% in the 3rd quarter. Addison Advisors LLC now owns 229 shares of the mining company’s stock worth $39,000 after buying an additional 111 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Agnico Eagle Mines in a research note on Wednesday, January 14th. Weiss Ratings downgraded Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, January 12th. Citigroup increased their price objective on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Wall Street Zen upgraded shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Erste Group Bank raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $234.91.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM opened at $183.53 on Tuesday. The firm has a fifty day simple moving average of $213.56 and a two-hundred day simple moving average of $183.63. Agnico Eagle Mines Limited has a 52 week low of $94.77 and a 52 week high of $255.24. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $91.95 billion, a P/E ratio of 20.67 and a beta of 0.61.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Thursday, February 12th. The mining company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.13. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter last year, the firm earned $1.26 EPS. The firm’s revenue for the quarter was up 60.3% compared to the same quarter last year. On average, analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a $0.45 dividend. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, March 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 20.27%.

About Agnico Eagle Mines

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.