Capital Investment Advisors LLC Purchases Shares of 2,357 Agnico Eagle Mines Limited (NYSE:AEM)

Capital Investment Advisors LLC purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,357 shares of the mining company's stock, valued at approximately $255,000.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after buying an additional 318 shares during the last quarter. Duncker Streett & Co. Inc. increased its holdings in Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after purchasing an additional 112 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Agnico Eagle Mines in the 4th quarter worth about $34,000. Coppell Advisory Solutions LLC increased its holdings in Agnico Eagle Mines by 235.0% in the 4th 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. Finally, Montag A & Associates Inc. increased its stake in shares of Agnico Eagle Mines by 85.2% in the fourth quarter. Montag A & Associates Inc. now owns 500 shares of the mining company's stock valued at $39,000 after buying an additional 230 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Up 2.0%

AEM traded up $2.42 during trading on Friday, hitting $124.51. 2,989,145 shares of the company's stock traded hands, compared to its average volume of 2,576,199. The stock has a market capitalization of $62.68 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 0.66 and a beta of 0.51. Agnico Eagle Mines Limited has a 12-month low of $63.81 and a 12-month high of $126.76. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The company's 50 day simple moving average is $116.10 and its two-hundred day simple moving average is $100.61.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.14. The company 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 10.45% and a net margin of 22.88%. Agnico Eagle Mines's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. Analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's dividend payout ratio is presently 34.04%.

Wall Street Analysts Forecast Growth

AEM has been the subject of several recent research reports. BMO Capital Markets initiated coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price target for the company. Wall Street Zen lowered Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. Scotiabank reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Finally, Bank of America boosted their target price on Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of "Buy" and a consensus price target of $127.40.

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.