Allspring Global Investments Holdings LLC Acquires 3,334 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Allspring Global Investments Holdings LLC raised its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 0.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 507,856 shares of the mining company's stock after buying an additional 3,334 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.10% of Agnico Eagle Mines worth $55,038,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AEM. Smartleaf Asset Management LLC boosted its stake in Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after buying an additional 318 shares during the period. Duncker Streett & Co. Inc. raised its holdings in shares of Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after acquiring an additional 112 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at about $34,000. Golden State Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines during the first quarter worth about $34,000. Finally, Coppell Advisory Solutions LLC grew its holdings 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 purchasing an additional 329 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Bank of America raised their target price 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. Raymond James Financial raised shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price target on the stock in a report on Monday. National Bankshares reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Scotiabank reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Finally, UBS Group increased their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Agnico Eagle Mines has an average rating of "Buy" and a consensus target price of $130.50.

Agnico Eagle Mines Trading Down 0.9%

Agnico Eagle Mines stock traded down $1.12 during mid-day trading on Tuesday, hitting $117.81. The company's stock had a trading volume of 1,771,475 shares, compared to its average volume of 2,604,928. The business has a 50 day moving average price of $117.41 and a 200-day moving average price of $103.43. 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 Limited has a 12 month low of $64.65 and a 12 month high of $126.76. The stock has a market cap of $59.30 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 0.90 and a beta of 0.50.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.39 by $0.14. The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The company's quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. As a group, analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's payout ratio is currently 34.04%.

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.