Cetera Investment Advisers Grows Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Cetera Investment Advisers lifted its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 18.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,781 shares of the mining company's stock after acquiring an additional 5,941 shares during the quarter. Cetera Investment Advisers' holdings in Agnico Eagle Mines were worth $4,204,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Private Trust Co. NA increased its position in Agnico Eagle Mines by 454.9% in the first quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock worth $31,000 after buying an additional 232 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Agnico Eagle Mines in the 1st quarter worth about $34,000. Coppell Advisory Solutions LLC raised its stake in 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 acquiring an additional 329 shares during the period. Hexagon Capital Partners LLC boosted its position in Agnico Eagle Mines by 31.1% during the first quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company's stock worth $40,000 after purchasing an additional 87 shares during the period. Finally, Continuum Advisory LLC raised its position in shares of Agnico Eagle Mines by 47.0% in the first quarter. Continuum Advisory LLC now owns 397 shares of the mining company's stock valued at $43,000 after purchasing an additional 127 shares during the period. 68.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AEM. Lake Street Capital reissued a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Royal Bank Of Canada increased 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. Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. TD Securities raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Thursday, July 17th. Finally, Raymond James Financial raised shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 target price on the stock in a report on Monday, June 30th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $136.90.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM traded up $0.01 during trading on Thursday, hitting $135.43. The company had a trading volume of 1,412,550 shares, compared to its average volume of 2,995,400. The stock has a fifty day simple moving average of $122.08 and a two-hundred day simple moving average of $110.97. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $68.10 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 0.93 and a beta of 0.44. Agnico Eagle Mines Limited has a fifty-two week low of $71.93 and a fifty-two week high of $137.19.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced 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. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. Agnico Eagle Mines's revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 earnings per share. On average, research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 136.0%. Agnico Eagle Mines's payout ratio is 27.21%.

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.