Principal Financial Group Inc. grew its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 34.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 27,915 shares of the mining company's stock after acquiring an additional 7,185 shares during the period. Principal Financial Group Inc.'s holdings in Agnico Eagle Mines were worth $3,024,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the company. Private Trust Co. NA grew its holdings in Agnico Eagle Mines by 454.9% during the 1st 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. Golden State Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the 1st quarter valued at about $34,000. Continuum Advisory LLC grew its stake in shares of Agnico Eagle Mines by 47.0% in the 1st quarter. Continuum Advisory LLC now owns 397 shares of the mining company's stock valued at $43,000 after buying an additional 127 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of Agnico Eagle Mines in the 1st quarter valued at about $49,000. Finally, Coppell Advisory Solutions LLC grew its stake in shares of Agnico Eagle Mines by 235.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock valued at $37,000 after buying an additional 329 shares during the period. 68.34% of the stock is currently owned by institutional investors.
Agnico Eagle Mines Stock Performance
AEM stock traded down $0.89 on Friday, hitting $117.72. The company had a trading volume of 1,872,910 shares, compared to its average volume of 2,618,928. Agnico Eagle Mines Limited has a 12-month low of $69.72 and a 12-month high of $126.76. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. The stock's 50-day simple moving average is $117.99 and its 200 day simple moving average is $107.15. The stock has a market cap of $59.19 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 0.86 and a beta of 0.50.
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 earnings per share 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%. Agnico Eagle Mines's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. As a group, equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.
Agnico Eagle Mines Announces Dividend
The firm also recently announced a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.40 per share. This represents a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, May 30th. Agnico Eagle Mines's dividend payout ratio is 34.04%.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. 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 research report on Friday, April 11th. CIBC reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Finally, BMO Capital Markets started coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price target on the stock. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines has an average rating of "Buy" and an average price target of $136.90.
View Our Latest Report on Agnico Eagle Mines
Agnico Eagle Mines Company Profile
(
Free Report)
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.
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