Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Accordant Advisory Group Inc

Accordant Advisory Group Inc increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 120.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 36,559 shares of the mining company's stock after buying an additional 19,938 shares during the period. Agnico Eagle Mines accounts for about 3.9% of Accordant Advisory Group Inc's portfolio, making the stock its 10th largest holding. Accordant Advisory Group Inc's holdings in Agnico Eagle Mines were worth $3,963,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sapient Capital LLC boosted its holdings in shares of Agnico Eagle Mines by 1.2% during the 1st quarter. Sapient Capital LLC now owns 10,984 shares of the mining company's stock worth $1,191,000 after buying an additional 128 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Agnico Eagle Mines by 16.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 18,933 shares of the mining company's stock worth $2,051,000 after buying an additional 2,663 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Agnico Eagle Mines by 2.8% during the 1st quarter. Yousif Capital Management LLC now owns 6,276 shares of the mining company's stock worth $680,000 after buying an additional 169 shares during the period. Capital Investment Advisors LLC bought a new stake in shares of Agnico Eagle Mines during the 1st quarter worth about $255,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Agnico Eagle Mines during the 1st quarter worth about $407,000. Institutional investors own 68.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. UBS Group lifted their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. TD Securities cut their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. BMO Capital Markets initiated coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price objective for the company. Citigroup boosted their price objective on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a report on Monday, March 31st. Finally, Royal Bank of Canada boosted their price objective on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $127.40.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM traded up $2.42 during midday trading on Friday, hitting $124.51. The stock had a trading volume of 2,989,145 shares, compared to its average volume of 2,576,199. The company's 50-day moving average price is $116.10 and its 200-day moving average price is $100.50. The company has a market capitalization of $62.68 billion, a P/E ratio of 32.94, a price-to-earnings-growth ratio of 0.66 and a beta of 0.51. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a fifty-two week low of $63.81 and a fifty-two week high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.39 by $0.14. The company had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The business's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 EPS. As a group, equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a yield of 1.36%. The ex-dividend date is Friday, May 30th. Agnico Eagle Mines's dividend payout ratio is 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.