Kestra Private Wealth Services LLC Has $2.16 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Kestra Private Wealth Services LLC raised its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 151.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,956 shares of the mining company's stock after buying an additional 12,027 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Agnico Eagle Mines were worth $2,163,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth about $573,446,000. Capital World Investors raised its position in shares of Agnico Eagle Mines by 41.9% during the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock worth $1,091,550,000 after purchasing an additional 4,121,164 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Agnico Eagle Mines by 81.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock worth $551,339,000 after purchasing an additional 3,155,927 shares during the period. Geode Capital Management LLC raised its position in shares of Agnico Eagle Mines by 33.2% during the fourth quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company's stock worth $239,844,000 after purchasing an additional 749,932 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Agnico Eagle Mines by 304.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 913,936 shares of the mining company's stock worth $71,465,000 after purchasing an additional 687,971 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AEM. Bank of America raised their price target 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. TD Securities raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Thursday, July 17th. Scotiabank reiterated an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. BMO Capital Markets began coverage on Agnico Eagle Mines in a report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price objective for the company. Finally, National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $136.90.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM traded down $0.65 during midday trading on Thursday, hitting $126.55. 1,566,655 shares of the company's stock were exchanged, compared to its average volume of 2,998,753. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.05. Agnico Eagle Mines Limited has a 12 month low of $69.72 and a 12 month high of $129.77. The company's 50 day moving average price is $118.75 and its 200 day moving average price is $107.76. The firm has a market capitalization of $63.63 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 0.94 and a beta of 0.50.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share 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 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 for the quarter was up 34.9% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS. As a group, analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's payout ratio is currently 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.