Global Assets Advisory LLC Makes New $253,000 Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Global Assets Advisory LLC acquired a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,418 shares of the mining company's stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Benjamin Edwards Inc. boosted its holdings in Agnico Eagle Mines by 2.0% in the 4th quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock valued at $428,000 after purchasing an additional 106 shares during the period. Duncker Streett & Co. Inc. grew its stake in shares of Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after buying an additional 112 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Agnico Eagle Mines by 1.8% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company's stock valued at $543,000 after buying an additional 120 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Agnico Eagle Mines by 19.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 774 shares of the mining company's stock valued at $84,000 after buying an additional 125 shares during the last quarter. Finally, Continuum Advisory LLC grew its stake 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 buying an additional 127 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Down 5.6%

AEM traded down $6.95 on Friday, hitting $116.10. The company had a trading volume of 4,919,386 shares, compared to its average volume of 2,595,970. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. Agnico Eagle Mines Limited has a 52-week low of $64.65 and a 52-week high of $126.76. The stock has a fifty day simple moving average of $117.61 and a 200-day simple moving average of $102.73. The firm has a market capitalization of $58.44 billion, a P/E ratio of 24.70, a P/E/G ratio of 0.91 and a beta of 0.51.

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 (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.14. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The business's revenue was up 34.9% on a year-over-year basis. During the same period last year, the business earned $0.76 earnings per share. As a group, equities analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given 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 (DPR) is presently 34.04%.

Analyst Ratings Changes

AEM has been the subject of a number of analyst reports. Citigroup increased their target price on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Lake Street Capital reiterated a "buy" rating on shares of Agnico Eagle Mines in a report on Monday. Bank of America increased their target price on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a report on Monday. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Finally, BMO Capital Markets initiated coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 target price for the company. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $130.50.

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.