Bank of New York Mellon Corp Purchases 5,717 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Bank of New York Mellon Corp lifted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 485,317 shares of the mining company's stock after buying an additional 5,717 shares during the quarter. Bank of New York Mellon Corp owned about 0.10% of Agnico Eagle Mines worth $52,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEM. Private Trust Co. NA raised its position in Agnico Eagle Mines by 454.9% in the 1st 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 during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Agnico Eagle Mines in the first quarter worth $34,000. Coppell Advisory Solutions LLC increased its stake in Agnico Eagle Mines by 235.0% in the fourth 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 last quarter. Continuum Advisory LLC lifted 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 acquiring an additional 127 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in shares of Agnico Eagle Mines in the first quarter worth about $49,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Down 0.2%

Shares of AEM stock traded down $0.27 during trading on Monday, hitting $119.61. 1,792,717 shares of the company were exchanged, compared to its average volume of 3,027,737. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 2.37. Agnico Eagle Mines Limited has a twelve month low of $69.72 and a twelve month high of $126.75. The business's 50-day simple moving average is $117.74 and its 200 day simple moving average is $105.93. The firm has a market capitalization of $60.14 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 0.89 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 EPS for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The firm had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same period last year, the business earned $0.76 earnings per share. Agnico Eagle Mines's quarterly revenue was up 34.9% compared to the same quarter last year. As a group, analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on AEM. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Lake Street Capital reissued a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Bank of America raised their price target on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, 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 research note on Wednesday, June 4th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $133.78.

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.