Spire Wealth Management Grows Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Spire Wealth Management raised its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 109.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,444 shares of the mining company's stock after buying an additional 7,024 shares during the quarter. Spire Wealth Management's holdings in Agnico Eagle Mines were worth $1,457,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position 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 worth $28,000 after purchasing an additional 318 shares in the last quarter. Duncker Streett & Co. Inc. boosted its position in shares of Agnico Eagle Mines by 37.3% during the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after purchasing an additional 112 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Agnico Eagle Mines during the 4th quarter worth $34,000. Coppell Advisory Solutions LLC boosted 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 worth $37,000 after purchasing an additional 329 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the 4th quarter worth $39,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Lake Street Capital restated a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday. Citigroup boosted their price objective on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Cfra Research upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Bank of America boosted their price objective on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a research report on Monday. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $130.50.

Agnico Eagle Mines Trading Down 5.6%

NYSE:AEM traded down $6.95 on Friday, reaching $116.10. The stock had a trading volume of 4,919,386 shares, compared to its average volume of 2,595,970. The company has a market cap of $58.44 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 0.91 and a beta of 0.51. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. The firm's fifty day moving average is $117.61 and its two-hundred day moving average is $102.73. Agnico Eagle Mines Limited has a 12-month low of $64.65 and a 12-month high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. The company had revenue of $2.38 billion for 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 firm'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 EPS. Equities analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's dividend payout ratio (DPR) 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.