Fort Sheridan Advisors LLC Acquires New Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Fort Sheridan Advisors LLC bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,214 shares of the mining company's stock, valued at approximately $240,000.

Several other hedge funds have also recently made changes to their positions in AEM. Private Trust Co. NA boosted its position 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 valued at $31,000 after purchasing an additional 232 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines during the first quarter valued at approximately $34,000. Coppell Advisory Solutions LLC boosted its position 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 valued at $37,000 after purchasing an additional 329 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Agnico Eagle Mines by 31.1% during the first quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company's stock valued at $40,000 after purchasing an additional 87 shares in the last quarter. Finally, Continuum Advisory LLC boosted its position in shares of Agnico Eagle Mines by 47.0% during the first quarter. Continuum Advisory LLC now owns 397 shares of the mining company's stock valued at $43,000 after purchasing an additional 127 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AEM shares. Raymond James Financial upgraded Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price target on the stock in a research report on Monday, June 30th. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Bank of America lifted their price target on Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. BMO Capital Markets began coverage on Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 target price on the stock. Finally, Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $133.78.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM traded up $1.66 during midday trading on Friday, reaching $119.81. 1,782,845 shares of the company's stock traded hands, compared to its average volume of 2,613,831. The company has a market cap of $60.24 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 0.89 and a beta of 0.50. 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 one year low of $69.72 and a one year high of $126.76. The stock has a 50 day moving average of $117.74 and a 200 day moving average of $105.74.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced 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. 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 period in the prior year, the company posted $0.76 earnings per share. As a group, equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.40 per share. This represents a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, May 30th. Agnico Eagle Mines's 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.