Mraz Amerine & Associates Inc. Buys New Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Mraz Amerine & Associates Inc. acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,433 shares of the mining company's stock, valued at approximately $261,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its stake in Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after acquiring an additional 318 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock valued at $31,000 after acquiring an additional 232 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Agnico Eagle Mines during the fourth quarter worth about $34,000. Golden State Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the 1st quarter worth $34,000. Finally, Coppell Advisory Solutions LLC raised its position in shares of Agnico Eagle Mines by 235.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock valued at $37,000 after buying an additional 329 shares during the period. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM traded up $1.51 during mid-day trading on Wednesday, hitting $117.65. 2,265,603 shares of the company were exchanged, compared to its average volume of 2,620,545. The stock has a 50 day simple moving average of $117.45 and a 200-day simple moving average of $104.91. Agnico Eagle Mines Limited has a 1-year low of $69.72 and a 1-year high of $126.76. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.05. The firm has a market cap of $59.15 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 0.86 and a beta of 0.50.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced 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 company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. Agnico Eagle Mines's quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. On average, sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 16th. Investors 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 dividend payout ratio (DPR) is 34.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AEM shares. Bank of America increased their target price on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Citigroup increased their price target on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Finally, National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Agnico Eagle Mines has an average rating of "Buy" and an average target price of $130.50.

Agnico Eagle Mines 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.