Linden Thomas Advisory Services LLC Makes New $266,000 Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Linden Thomas Advisory Services LLC bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,451 shares of the mining company's stock, valued at approximately $266,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DAVENPORT & Co LLC bought a new stake in shares of Agnico Eagle Mines during the first quarter worth about $226,000. Golden State Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines during the first quarter worth about $34,000. Captrust Financial Advisors grew its holdings in shares of Agnico Eagle Mines by 6.5% during the fourth quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company's stock worth $443,000 after purchasing an additional 347 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock worth $31,000 after purchasing an additional 232 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Agnico Eagle Mines by 29.0% during the first quarter. Sequoia Financial Advisors LLC now owns 3,807 shares of the mining company's stock worth $413,000 after purchasing an additional 856 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $119.81 on Friday. The stock has a market capitalization of $60.24 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 0.88 and a beta of 0.50. Agnico Eagle Mines Limited has a 52-week low of $69.72 and a 52-week high of $126.76. The stock's 50 day moving average price is $117.74 and its two-hundred day moving average price is $105.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 2.37.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (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 firm had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. During the same period in the prior year, the business earned $0.76 EPS. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. On average, equities analysts predict 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 announced 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 of this dividend was Friday, May 30th. Agnico Eagle Mines's payout ratio is 34.04%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AEM shares. Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. Citigroup upped their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a report on Monday, March 31st. Royal Bank Of Canada upped their target price on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Raymond James Financial upgraded Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 target price on the stock in a report on Monday, June 30th. Finally, National Bankshares reiterated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $133.78.

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.

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