Gibraltar Capital Management Inc. Takes Position in Agnico Eagle Mines Limited (NYSE:AEM)

Gibraltar Capital Management Inc. purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,244 shares of the mining company's stock, valued at approximately $243,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in Agnico Eagle Mines by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock worth $255,000 after purchasing an additional 1,431 shares during the period. US Bancorp DE boosted its holdings in shares of Agnico Eagle Mines by 2.7% during the fourth quarter. US Bancorp DE now owns 6,770 shares of the mining company's stock valued at $529,000 after acquiring an additional 175 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines during the first quarter valued at $34,000. Captrust Financial Advisors boosted its stake in Agnico Eagle Mines by 6.5% during the 4th quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company's stock valued at $443,000 after purchasing an additional 347 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Agnico Eagle Mines during the fourth quarter worth approximately $814,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AEM. Citigroup increased their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, March 31st. National Bankshares reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. Raymond James Financial upgraded shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price target on the stock in a report on Monday, June 30th. Royal Bank Of Canada raised their price target on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Bank of America raised their price objective on Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Buy" and an average price target of $130.50.

Agnico Eagle Mines Trading Down 5.2%

Shares of NYSE AEM traded down $6.37 during mid-day trading on Tuesday, hitting $115.78. The company's stock had a trading volume of 1,348,058 shares, compared to its average volume of 2,605,789. Agnico Eagle Mines Limited has a one year low of $68.87 and a one year high of $126.76. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. The stock has a market cap of $58.28 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 0.90 and a beta of 0.50. The company's fifty day simple moving average is $117.45 and its 200-day simple moving average is $104.83.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.39 by $0.14. The business had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The firm's revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.40 dividend. This represents a dividend yield of 1.36%. The ex-dividend date was Friday, May 30th. 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.