Cerity Partners LLC Increases Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Cerity Partners LLC lifted its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 28.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,710 shares of the mining company's stock after purchasing an additional 8,278 shares during the period. Cerity Partners LLC's holdings in Agnico Eagle Mines were worth $4,088,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA boosted 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 valued at $31,000 after buying an additional 232 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Agnico Eagle Mines in the first quarter valued at approximately $34,000. Coppell Advisory Solutions LLC increased its position in shares of Agnico Eagle Mines by 235.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock worth $37,000 after acquiring an additional 329 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of 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 acquiring an additional 87 shares in the last quarter. Finally, Continuum Advisory LLC increased its position in shares of Agnico Eagle Mines by 47.0% during the first quarter. Continuum Advisory LLC now owns 397 shares of the mining company's stock worth $43,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Performance

NYSE AEM traded down $0.89 during trading on Friday, hitting $117.72. 1,872,910 shares of the company's stock traded hands, compared to its average volume of 2,614,584. The stock has a market capitalization of $59.19 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 0.87 and a beta of 0.50. Agnico Eagle Mines Limited has a 12-month low of $69.72 and a 12-month high of $126.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 2.37. The business has a 50 day moving average of $117.99 and a 200-day moving average of $106.95.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The company's revenue for the quarter was up 34.9% on a year-over-year basis. As a group, equities research analysts anticipate 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 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 yield of 1.36%. The ex-dividend date of this dividend was Friday, May 30th. Agnico Eagle Mines's payout ratio is currently 34.04%.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group increased their price target on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Cfra Research upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. Bank of America increased their price target on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Finally, CIBC restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday. 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $136.90.

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.