Mraz Amerine & Associates Inc. Invests $261,000 in Agnico Eagle Mines Limited (NYSE:AEM)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of AEM. Smartleaf Asset Management LLC grew its holdings in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after purchasing an additional 318 shares during the period. Private Trust Co. NA boosted 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 worth $31,000 after acquiring an additional 232 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Agnico Eagle Mines during the fourth quarter worth approximately $34,000. Golden State Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines during the first quarter worth approximately $34,000. Finally, Coppell Advisory Solutions LLC boosted its holdings in shares of 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 period. Institutional investors own 68.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Scotiabank reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Royal Bank Of Canada boosted their price target on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of "Buy" and a consensus target price of $133.78.

Agnico Eagle Mines Price Performance

AEM traded up $1.66 during trading on Friday, hitting $119.81. 1,782,845 shares of the stock traded hands, compared to its average volume of 2,613,831. The business has a 50 day moving average price of $117.74 and a 200 day moving average price of $105.74. The company has a market cap of $60.24 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 0.89 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. Agnico Eagle Mines Limited has a twelve month low of $69.72 and a twelve month high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share. Equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 34.04%.

About Agnico Eagle Mines

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.