Mercer Global Advisors Inc. ADV Acquires New Position in Agnico Eagle Mines Limited (NYSE:AEM)

Mercer Global Advisors Inc. ADV acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,947 shares of the mining company's stock, valued at approximately $387,000.

Several other hedge funds also recently made changes to their positions in the business. Duncker Streett & Co. Inc. increased its stake in shares of Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after purchasing an additional 112 shares during the last quarter. Diversify Wealth Management LLC increased its position in Agnico Eagle Mines by 2.1% during the fourth quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock worth $569,000 after buying an additional 141 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Agnico Eagle Mines by 24.5% in the fourth quarter. Quadrant Capital Group LLC now owns 787 shares of the mining company's stock valued at $62,000 after buying an additional 155 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Agnico Eagle Mines by 34.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock valued at $51,000 after buying an additional 165 shares during the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Agnico Eagle Mines by 12.4% in the fourth quarter. Headlands Technologies LLC now owns 1,529 shares of the mining company's stock valued at $120,000 after buying an additional 169 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Up 2.1%

Shares of AEM stock traded up $2.24 on Tuesday, reaching $110.46. 771,703 shares of the company were exchanged, compared to its average volume of 2,518,665. The company has a 50-day moving average of $110.78 and a 200-day moving average of $95.69. Agnico Eagle Mines Limited has a one year low of $63.01 and a one year high of $126.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The company has a market cap of $55.59 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 0.66 and a beta of 0.54.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. Agnico Eagle Mines's revenue was up 34.9% compared to the same quarter last year. Analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.40 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.60 annualized dividend and a yield of 1.45%. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

Wall Street Analysts Forecast Growth

AEM has been the topic of several research analyst reports. TD Securities lowered their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Raymond James increased their target price on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. BMO Capital Markets initiated coverage on Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 target price on the stock. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Citigroup lifted their target price on shares of 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 research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of "Buy" and an average target price of $124.40.

Agnico Eagle Mines Company 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.