Avantax Advisory Services Inc. Buys 14,750 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Avantax Advisory Services Inc. boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 67.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,676 shares of the mining company's stock after buying an additional 14,750 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Agnico Eagle Mines were worth $3,976,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AEM. Capital World Investors grew its holdings in shares of Agnico Eagle Mines by 41.9% during the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock worth $1,091,550,000 after purchasing an additional 4,121,164 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Agnico Eagle Mines by 3.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company's stock worth $1,457,160,000 after acquiring an additional 499,362 shares during the last quarter. Deutsche Bank AG increased its position in Agnico Eagle Mines by 0.7% in the 4th quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company's stock valued at $932,008,000 after acquiring an additional 87,410 shares in the last quarter. Geode Capital Management LLC increased its position in Agnico Eagle Mines by 33.2% in the 4th quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company's stock valued at $239,844,000 after acquiring an additional 749,932 shares in the last quarter. Finally, Groupama Asset Managment raised its stake in shares of Agnico Eagle Mines by 22.5% in the fourth quarter. Groupama Asset Managment now owns 1,034,781 shares of the mining company's stock worth $80,570,000 after acquiring an additional 190,314 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AEM has been the topic of several research analyst reports. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. TD Securities raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Thursday, July 17th. BMO Capital Markets assumed coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price target on the stock. Scotiabank reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Finally, Royal Bank Of Canada boosted their price objective on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $136.90.

Agnico Eagle Mines Trading Up 0.2%

Agnico Eagle Mines stock traded up $0.25 during midday trading on Friday, hitting $124.61. 2,330,000 shares of the stock were exchanged, compared to its average volume of 2,994,914. The stock has a market capitalization of $62.65 billion, a PE ratio of 21.22, a P/E/G ratio of 0.87 and a beta of 0.50. The company has a fifty day simple moving average of $120.94 and a two-hundred day simple moving average of $109.67. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.05. Agnico Eagle Mines Limited has a 52 week low of $69.72 and a 52 week high of $129.77.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 14.04%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the business posted $1.07 earnings per share. The business's revenue for the quarter was up 35.6% compared to the same quarter last year. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.40 dividend. This represents a yield of 136.0%. The ex-dividend date of this dividend was Friday, May 30th. Agnico Eagle Mines's payout ratio is presently 34.04%.

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.