Jeppson Wealth Management LLC Makes New $239,000 Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Jeppson Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,200 shares of the mining company's stock, valued at approximately $239,000.

A number of other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of Agnico Eagle Mines in the first quarter valued at approximately $34,000. Smartleaf Asset Management LLC lifted its stake in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after purchasing an additional 318 shares during the last quarter. Continuum Advisory LLC lifted its stake in Agnico Eagle Mines by 47.0% in 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 during the last quarter. Duncker Streett & Co. Inc. lifted its stake in Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after purchasing an additional 112 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $34,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Price Performance

AEM traded down $6.95 during trading on Friday, reaching $116.10. The stock had a trading volume of 4,919,386 shares, compared to its average volume of 2,602,942. The stock has a market cap of $58.44 billion, a PE ratio of 23.22, a PEG ratio of 0.87 and a beta of 0.51. 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 $64.65 and a one year high of $126.76. The business has a 50-day moving average of $117.50 and a 200-day moving average of $103.06.

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 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. The business had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The firm's revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AEM shares. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Royal Bank Of Canada increased their price objective on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Bank of America increased their price objective on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, National Bankshares reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of "Buy" and a consensus target price 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.