2,420 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Acquired by Forum Financial Management LP

Forum Financial Management LP purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,420 shares of the mining company's stock, valued at approximately $262,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AEM. Norges Bank acquired a new stake in Agnico Eagle Mines during the 4th quarter worth $573,446,000. Capital World Investors increased its holdings in shares of Agnico Eagle Mines by 41.9% in the 4th quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock valued at $1,091,550,000 after purchasing an additional 4,121,164 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Agnico Eagle Mines by 81.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock valued at $551,339,000 after acquiring an additional 3,155,927 shares in the last quarter. Geode Capital Management LLC increased its holdings in Agnico Eagle Mines by 33.2% during the 4th quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company's stock valued at $239,844,000 after acquiring an additional 749,932 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Agnico Eagle Mines by 304.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 913,936 shares of the mining company's stock valued at $71,465,000 after acquiring an additional 687,971 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $117.72 on Friday. Agnico Eagle Mines Limited has a twelve month low of $69.72 and a twelve month high of $126.76. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $59.19 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 0.86 and a beta of 0.50. The firm has a 50-day moving average of $117.99 and a two-hundred day moving average of $107.15.

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 analysts' consensus estimates of $1.39 by $0.14. The company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The business's quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share. As a group, analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Cfra Research raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Lake Street Capital reaffirmed a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. CIBC reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday. TD Securities upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Thursday. Finally, UBS Group lifted their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $136.90.

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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