15,108 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Bought by KBC Group NV

KBC Group NV purchased a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,108 shares of the mining company's stock, valued at approximately $1,638,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AEM. Golden State Wealth Management LLC bought a new stake in Agnico Eagle Mines during the 1st quarter worth approximately $34,000. Jeppson Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the first quarter valued at $239,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Agnico Eagle Mines by 0.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 507,856 shares of the mining company's stock valued at $55,038,000 after buying an additional 3,334 shares during the last quarter. Achmea Investment Management B.V. lifted its position in Agnico Eagle Mines by 13.5% during the 1st quarter. Achmea Investment Management B.V. now owns 246,641 shares of the mining company's stock worth $26,718,000 after buying an additional 29,394 shares in the last quarter. Finally, Corundum Trust Company INC bought a new stake in Agnico Eagle Mines during the 1st quarter worth about $217,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Up 1.2%

Shares of NYSE AEM traded up $1.42 during midday trading on Friday, reaching $120.12. 1,409,345 shares of the stock were exchanged, compared to its average volume of 2,611,735. 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 12 month low of $68.87 and a 12 month high of $126.76. The business has a 50-day simple moving average of $117.39 and a two-hundred day simple moving average of $104.53. The company has a market capitalization of $60.46 billion, a price-to-earnings ratio of 25.56, a P/E/G ratio of 0.90 and a beta of 0.50.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted 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 return on equity of 12.09% and a net margin of 26.48%. The firm had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. The company's revenue was up 34.9% on a year-over-year basis. As a group, equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current 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 given a dividend of $0.40 per share. This represents a dividend yield of 1.36%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's dividend payout ratio is 34.04%.

Analyst Upgrades and Downgrades

AEM has been the subject of a number of research analyst reports. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Raymond James Financial raised Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price objective on the stock in a report on Monday, June 30th. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. BMO Capital Markets assumed coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price target on the stock. Finally, Royal Bank Of Canada boosted their price objective on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, Agnico Eagle Mines has a consensus rating of "Buy" and a consensus price target of $130.50.

Agnico Eagle Mines Company 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.