Kercheville Advisors LLC Increases Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Kercheville Advisors LLC grew its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,667 shares of the mining company's stock after acquiring an additional 3,056 shares during the quarter. Agnico Eagle Mines accounts for approximately 5.2% of Kercheville Advisors LLC's portfolio, making the stock its 3rd largest holding. Kercheville Advisors LLC's holdings in Agnico Eagle Mines were worth $12,756,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Benjamin Edwards Inc. lifted its holdings in Agnico Eagle Mines by 2.0% during the fourth quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock worth $428,000 after acquiring an additional 106 shares during the period. Duncker Streett & Co. Inc. increased its position in shares of Agnico Eagle Mines by 37.3% during the 4th 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. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of Agnico Eagle Mines by 1.8% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company's stock worth $543,000 after purchasing an additional 120 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Agnico Eagle Mines by 19.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 774 shares of the mining company's stock worth $84,000 after buying an additional 125 shares during the last quarter. Finally, Sapient Capital LLC boosted its holdings in shares of Agnico Eagle Mines by 1.2% in the 1st quarter. Sapient Capital LLC now owns 10,984 shares of the mining company's stock worth $1,191,000 after buying an additional 128 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock traded down $1.28 during trading hours on Thursday, reaching $122.63. The company had a trading volume of 2,364,588 shares, compared to its average volume of 2,579,776. The firm has a market cap of $61.72 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. Agnico Eagle Mines Limited has a one year low of $63.93 and a one year high of $126.76. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. The business has a fifty day simple moving average of $117.50 and a 200 day simple moving average of $101.47.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.39 by $0.14. The business had revenue of $2.38 billion during 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 firm's revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. On average, analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.40 dividend. The ex-dividend date of this dividend 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

A number of analysts recently issued reports on AEM shares. Cfra Research upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. BMO Capital Markets initiated coverage on shares of Agnico Eagle Mines in a research report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 target price for the company. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Citigroup upped their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Finally, Bank of America increased their price objective on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $127.40.

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.