Legacy Capital Group California Inc. purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,804 shares of the mining company's stock, valued at approximately $304,000.
Several other institutional investors have also recently made changes to their positions in AEM. MJT & Associates Financial Advisory Group Inc. bought a new position in Agnico Eagle Mines during the 1st quarter worth about $26,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Agnico Eagle Mines during the first quarter valued at approximately $26,000. Private Trust Co. NA increased its holdings in Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock valued at $31,000 after buying an additional 232 shares during the period. Golden State Wealth Management LLC purchased a new position in Agnico Eagle Mines during the first quarter valued at approximately $34,000. Finally, Coppell Advisory Solutions LLC raised its stake in Agnico Eagle Mines by 235.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock worth $37,000 after buying an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on AEM shares. UBS Group increased their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Lake Street Capital reaffirmed a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. TD Securities upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Thursday, July 17th. CIBC restated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, July 15th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $136.90.
Read Our Latest Stock Report on Agnico Eagle Mines
Agnico Eagle Mines Stock Up 0.7%
AEM stock opened at $135.45 on Thursday. The stock has a market capitalization of $68.11 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 0.93 and a beta of 0.44. Agnico Eagle Mines Limited has a 52 week low of $71.93 and a 52 week high of $135.97. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $122.08 and a 200 day moving average of $110.97.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.83 by $0.11. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The business's revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 earnings per share. Sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.
Agnico Eagle Mines Announces Dividend
The company also recently disclosed a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 136.0%. Agnico Eagle Mines's dividend payout ratio is currently 27.21%.
About Agnico Eagle Mines
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding AEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM.
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