Moody National Bank Trust Division Invests $337,000 in Agnico Eagle Mines Limited (NYSE:AEM)

Moody National Bank Trust Division acquired a new stake 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 filing with the Securities & Exchange Commission. The firm acquired 3,105 shares of the mining company's stock, valued at approximately $337,000.

A number of other hedge funds have also made changes to their positions in AEM. Van ECK Associates Corp grew its position in Agnico Eagle Mines by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock worth $1,745,858,000 after buying an additional 778,919 shares during the last quarter. Vanguard Group Inc. grew its position in Agnico Eagle Mines by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company's stock worth $1,554,180,000 after buying an additional 331,087 shares during the last quarter. Capital World Investors grew its position in Agnico Eagle Mines by 41.9% in the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock worth $1,091,550,000 after buying an additional 4,121,164 shares during the last quarter. Deutsche Bank AG grew its position in Agnico Eagle Mines by 0.7% in the fourth quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company's stock worth $932,008,000 after buying an additional 87,410 shares during the last quarter. Finally, Norges Bank acquired a new position in Agnico Eagle Mines in the fourth quarter worth approximately $573,446,000. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock traded down $0.28 during trading hours on Thursday, hitting $123.33. 956,566 shares of the stock were exchanged, compared to its average volume of 3,116,638. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The stock has a market capitalization of $62.08 billion, a P/E ratio of 32.63, a P/E/G ratio of 0.66 and a beta of 0.54. Agnico Eagle Mines Limited has a 12 month low of $63.01 and a 12 month high of $126.75. The business's 50-day moving average is $113.91 and its two-hundred day moving average is $98.57.

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 EPS for the quarter, beating the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The business 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 firm earned $0.76 earnings per share. Agnico Eagle Mines's revenue was up 34.9% compared to the same quarter last year. Equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 34.04%.

Wall Street Analyst Weigh In

Several research firms have weighed in on AEM. UBS Group lifted their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Citigroup lifted their price objective on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Scotiabank reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Bank of America lifted their price objective on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of "Buy" and a consensus target price of $127.40.

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.