Alteri Wealth LLC Takes $291,000 Position in Agnico Eagle Mines Limited (NYSE:AEM)

Alteri Wealth LLC acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,724 shares of the mining company's stock, valued at approximately $291,000.

A number of other hedge funds have also recently made changes to their positions in AEM. World Investment Advisors LLC purchased a new position in shares of Agnico Eagle Mines in the third quarter worth approximately $359,000. Principal Financial Group Inc. increased its holdings in shares of Agnico Eagle Mines by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 21,822 shares of the mining company's stock worth $1,760,000 after buying an additional 302 shares during the last quarter. Versant Capital Management Inc purchased a new stake in Agnico Eagle Mines during the 4th quarter valued at $26,000. CWA Asset Management Group LLC raised its position in Agnico Eagle Mines by 6.1% in the 4th quarter. CWA Asset Management Group LLC now owns 60,143 shares of the mining company's stock worth $4,704,000 after purchasing an additional 3,475 shares during the period. Finally, JCIC Asset Management Inc. bought a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $6,441,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

Shares of AEM traded down $1.82 on Wednesday, reaching $117.31. 3,156,571 shares of the stock traded hands, compared to its average volume of 2,471,067. The firm has a market cap of $59.04 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 0.66 and a beta of 0.54. 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 stock's 50-day moving average price is $108.68 and its 200-day moving average price is $94.24. Agnico Eagle Mines Limited has a 12 month low of $63.01 and a 12 month high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter in the previous year, the business posted $0.76 EPS. Agnico Eagle Mines's revenue for the quarter was up 34.9% on a year-over-year basis. Equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines's dividend payout ratio (DPR) is 34.04%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AEM shares. UBS Group boosted 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. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. TD Securities lowered their price target on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. Finally, StockNews.com lowered Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $124.40.

About Agnico Eagle Mines

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.