2,340 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by First Affirmative Financial Network

First Affirmative Financial Network bought a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,340 shares of the mining company's stock, valued at approximately $254,000.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after buying an additional 318 shares in the last quarter. Duncker Streett & Co. Inc. lifted its position in shares of Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after buying an additional 112 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter worth about $34,000. Coppell Advisory Solutions LLC increased its stake in Agnico Eagle Mines by 235.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock worth $37,000 after acquiring an additional 329 shares during the last quarter. Finally, Montag A & Associates Inc. increased its stake in Agnico Eagle Mines by 85.2% during the fourth quarter. Montag A & Associates Inc. now owns 500 shares of the mining company's stock worth $39,000 after acquiring an additional 230 shares during the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AEM has been the topic of several analyst reports. Raymond James boosted their price objective on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. TD Securities reduced their price objective 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. Citigroup boosted their price objective 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. Finally, BMO Capital Markets initiated coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price objective on the stock. Two 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $127.40.

Agnico Eagle Mines Trading Down 3.4%

AEM opened at $117.93 on Friday. The stock has a market cap of $59.37 billion, a price-to-earnings ratio of 31.20, a P/E/G ratio of 0.66 and a beta of 0.51. The stock's 50 day moving average price is $114.38 and its 200-day moving average price is $99.22. Agnico Eagle Mines Limited has a one year low of $63.43 and a one year high of $126.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. The firm had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The company's quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. On average, equities analysts forecast 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 dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 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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