Caliber Wealth Management LLC KS Acquires Shares of 15,500 Agnico Eagle Mines Limited (NYSE:AEM)

Key Points

• Caliber Wealth Management LLC recently acquired 15,500 shares of Agnico Eagle Mines Limited, marking its entry into the company during the first quarter, with the shares valued at approximately $1,680,000.
• Several large investors increased their stakes in Agnico Eagle Mines, highlighting strong institutional interest in the company with 68.34% of its stock now held by institutional investors.
• Analysts have given Agnico Eagle Mines an average rating of "Buy," with revised price targets ranging from $130.00 to $181.00, indicating a positive outlook for the company's stock.

Caliber Wealth Management LLC KS bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,500 shares of the mining company's stock, valued at approximately $1,680,000.

Several other institutional investors and hedge funds have also made changes to their positions in AEM. Private Trust Co. NA grew its stake in shares of Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock worth $31,000 after acquiring an additional 232 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the first quarter worth approximately $34,000. Hexagon Capital Partners LLC grew its holdings in Agnico Eagle Mines by 31.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company's stock valued at $40,000 after buying an additional 87 shares in 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 purchasing an additional 127 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in Agnico Eagle Mines during the 1st quarter worth about $49,000. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Trading Up 0.9%

Shares of NYSE:AEM traded up $1.17 during midday trading on Friday, reaching $126.96. The company's stock had a trading volume of 3,436,973 shares, compared to its average volume of 2,336,318. The firm has a market cap of $63.84 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 0.91 and a beta of 0.50. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.05. Agnico Eagle Mines Limited has a 1 year low of $69.72 and a 1 year high of $129.77. The business has a 50 day moving average price of $120.00 and a 200 day moving average price of $108.71.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $2.27 billion. During the same quarter in the previous year, the business earned $0.76 earnings per share. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. Research 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 announced a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.40 dividend. This represents a dividend yield of 1.36%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's payout ratio is 34.04%.

Analyst Upgrades and Downgrades

AEM has been the topic of several research reports. Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. CIBC restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, July 15th. Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. Royal Bank Of Canada upped their price target 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. Finally, Citigroup lifted their price target on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Two analysts have rated the stock with a hold rating, eight have given a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, Agnico Eagle Mines has a consensus rating of "Buy" and a consensus target price of $136.90.

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.