Clarius Group LLC Buys New Shares in Agnico Eagle Mines Limited (NYSE:AEM)

Clarius Group LLC bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,276 shares of the mining company's stock, valued at approximately $247,000.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in shares of Agnico Eagle Mines by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock worth $255,000 after purchasing an additional 1,431 shares during the last quarter. US Bancorp DE grew its stake in shares of Agnico Eagle Mines by 2.7% in the fourth quarter. US Bancorp DE now owns 6,770 shares of the mining company's stock valued at $529,000 after buying an additional 175 shares in the last quarter. Captrust Financial Advisors increased its holdings in Agnico Eagle Mines by 6.5% during the fourth quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company's stock worth $443,000 after buying an additional 347 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Agnico Eagle Mines during the fourth quarter worth $814,000. Finally, Orion Portfolio Solutions LLC raised its position in Agnico Eagle Mines by 5.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 3,268 shares of the mining company's stock worth $256,000 after acquiring an additional 183 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AEM has been the subject of a number of analyst reports. Cfra Research raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Raymond James Financial lifted their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. UBS Group lifted their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. 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 report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, Agnico Eagle Mines currently has an average rating of "Buy" and an average target price of $127.40.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM opened at $122.63 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. The firm has a market cap of $61.72 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 1.07 and a beta of 0.51. The stock's fifty day moving average price is $117.50 and its two-hundred day moving average price is $101.47. Agnico Eagle Mines Limited has a one year low of $63.93 and a one year high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its 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 net margin of 26.48% and a return on equity of 12.09%. The company had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. Agnico Eagle Mines's quarterly revenue was up 34.9% on a year-over-year basis. On average, equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

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

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.

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