2,325 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Bought by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,325 shares of the mining company's stock, valued at approximately $252,000.

Several other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Agnico Eagle Mines by 1.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company's stock valued at $618,000 after purchasing an additional 85 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Agnico Eagle Mines by 31.1% during the first quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company's stock valued at $40,000 after purchasing an additional 87 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Agnico Eagle Mines by 2.0% during the fourth quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock valued at $428,000 after purchasing an additional 106 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of Agnico Eagle Mines by 1.8% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company's stock valued at $543,000 after purchasing an additional 120 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Agnico Eagle Mines by 19.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 774 shares of the mining company's stock valued at $84,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on AEM shares. Bank of America upped their target price 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. Citigroup upped their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Lake Street Capital reaffirmed a "buy" rating on shares of Agnico Eagle Mines 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. Finally, UBS Group upped their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of "Buy" and an average target price of $136.90.

Agnico Eagle Mines Stock Performance

AEM traded down $0.89 during midday trading on Friday, reaching $117.72. The company's stock had a trading volume of 1,872,910 shares, compared to its average volume of 2,614,584. The stock has a market cap of $59.19 billion, a P/E ratio of 25.05, a PEG ratio of 0.87 and a beta of 0.50. The company has a fifty day simple moving average of $117.99 and a 200 day simple moving average of $106.95. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. Agnico Eagle Mines Limited has a twelve month low of $69.72 and a twelve month high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping 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 company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the company earned $0.76 EPS. The company's quarterly revenue was up 34.9% on a year-over-year basis. Research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.40 per share. 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 presently 34.04%.

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.