Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 107.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,439 shares of the mining company's stock after purchasing an additional 14,763 shares during the period. D.A. Davidson & CO.'s holdings in Agnico Eagle Mines were worth $3,083,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AEM. Norges Bank bought a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $573,446,000. Capital World Investors grew its holdings in shares of Agnico Eagle Mines by 41.9% in 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. Arrowstreet Capital Limited Partnership grew its holdings in shares of Agnico Eagle Mines by 81.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock worth $551,339,000 after purchasing an additional 3,155,927 shares during the last quarter. AGF Management Ltd. grew its holdings in shares of Agnico Eagle Mines by 184.6% in the fourth quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company's stock worth $109,205,000 after purchasing an additional 905,328 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Agnico Eagle Mines by 33.2% in the fourth quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company's stock worth $239,844,000 after purchasing an additional 749,932 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AEM shares. Citigroup upped their price target on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Cfra Research upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. National Bankshares reiterated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Lake Street Capital reiterated a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Finally, Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines presently has an average rating of "Buy" and an average target price of $130.50.

Agnico Eagle Mines Stock Up 1.2%

Shares of AEM stock traded up $1.42 during mid-day trading on Friday, hitting $120.12. 1,409,345 shares of the stock traded hands, compared to its average volume of 2,611,735. The stock has a market cap of $60.46 billion, a P/E ratio of 25.56, a P/E/G ratio of 0.90 and a beta of 0.50. The stock's fifty day moving average is $117.39 and its two-hundred day moving average is $104.34. Agnico Eagle Mines Limited has a 52-week low of $68.87 and a 52-week high of $126.76. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly 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 business had revenue of $2.38 billion during 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 company's quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 earnings per share. Equities analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 16th. Shareholders 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 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.