EP Wealth Advisors LLC Invests $202,000 in Agnico Eagle Mines Limited (NYSE:AEM)

EP Wealth Advisors LLC bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,582 shares of the mining company's stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Benjamin Edwards Inc. lifted its stake in Agnico Eagle Mines by 2.0% in the 4th quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock valued at $428,000 after buying an additional 106 shares in the last quarter. Duncker Streett & Co. Inc. lifted its stake in Agnico Eagle Mines by 37.3% in the 4th 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 in the last quarter. Diversify Wealth Management LLC lifted its stake in Agnico Eagle Mines by 2.1% in the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock valued at $569,000 after buying an additional 141 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Agnico Eagle Mines by 24.5% in the 4th 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 in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Agnico Eagle Mines by 34.1% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of recent research reports. Raymond James upped their target price on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. BMO Capital Markets began coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price target on the stock. Citigroup increased their price target on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Finally, UBS Group increased their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $124.40.

Agnico Eagle Mines Trading Down 2.4%

AEM stock opened at $104.40 on Thursday. The company has a market cap of $52.54 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 0.66 and a beta of 0.54. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $110.32 and a 200-day simple moving average of $95.16. Agnico Eagle Mines Limited has a 52 week low of $63.01 and a 52 week 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 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The business's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. On average, equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. Agnico Eagle Mines's payout ratio is 34.04%.

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.

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