World Investment Advisors Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

World Investment Advisors bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,735 shares of the mining company's stock, valued at approximately $405,000.

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

Agnico Eagle Mines Stock Performance

AEM traded up $1.66 during trading hours on Friday, reaching $119.81. The company's stock had a trading volume of 1,782,845 shares, compared to its average volume of 2,613,831. Agnico Eagle Mines Limited has a 52 week low of $69.72 and a 52 week high of $126.76. The company's 50-day moving average is $117.74 and its 200-day moving average is $105.74. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 2.37. The firm has a market cap of $60.24 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 0.89 and a beta of 0.50.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The business had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter in the prior year, the business earned $0.76 EPS. The firm's revenue for the quarter was up 34.9% on a year-over-year basis. 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 firm also recently declared 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 yield of 1.36%. The ex-dividend date of this dividend was Friday, May 30th. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 34.04%.

Analyst Ratings Changes

AEM has been the topic of several research reports. UBS Group boosted their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Bank of America boosted their target price 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. Royal Bank Of Canada boosted their target price 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. Finally, Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, Agnico Eagle Mines has a consensus rating of "Buy" and an average price target of $133.78.

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.