Agnico Eagle Mines Limited (NYSE:AEM) Position Lifted by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 220.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,600 shares of the mining company's stock after purchasing an additional 56,100 shares during the period. Agnico Eagle Mines comprises 2.1% of Hussman Strategic Advisors Inc.'s holdings, making the stock its 3rd largest position. Hussman Strategic Advisors Inc.'s holdings in Agnico Eagle Mines were worth $8,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AEM. Private Trust Co. NA raised its stake in shares of Agnico Eagle Mines by 454.9% during the 1st 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 during the period. Golden State Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines during the 1st quarter valued at $34,000. Hexagon Capital Partners LLC raised its stake in shares of Agnico Eagle Mines by 31.1% during the 1st 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 during the period. Continuum Advisory LLC raised its stake in shares of Agnico Eagle Mines by 47.0% during 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 period. Finally, ORG Wealth Partners LLC bought a new stake in shares of Agnico Eagle Mines during the 1st quarter valued at $49,000. Hedge funds and other institutional investors own 68.34% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. BMO Capital Markets assumed coverage on Agnico Eagle Mines in a report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 target price for the company. Royal Bank Of Canada increased their target price on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. Lake Street Capital restated a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Finally, National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and five have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $136.90.

Agnico Eagle Mines Stock Performance

NYSE AEM traded down $0.89 on Friday, hitting $117.72. 1,872,910 shares of the company traded hands, compared to its average volume of 2,614,584. The company has a market capitalization of $59.19 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 0.87 and a beta of 0.50. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. The business's 50 day moving average price is $117.99 and its 200-day moving average price is $106.95. Agnico Eagle Mines Limited has a 52-week low of $69.72 and a 52-week high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.39 by $0.14. The business 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 business's revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 earnings per share. Equities analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 34.04%.

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.