MQS Management LLC Invests $439,000 in Agnico Eagle Mines Limited (NYSE:AEM)

MQS Management LLC purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,050 shares of the mining company's stock, valued at approximately $439,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Reyes Financial Architecture Inc. grew its stake in shares of Agnico Eagle Mines by 2,172.5% in the first quarter. Reyes Financial Architecture Inc. now owns 1,818 shares of the mining company's stock valued at $197,000 after acquiring an additional 1,738 shares in the last quarter. CWM LLC boosted its holdings in Agnico Eagle Mines by 45.7% in the 1st quarter. CWM LLC now owns 7,649 shares of the mining company's stock valued at $829,000 after purchasing an additional 2,399 shares during the period. Fort Sheridan Advisors LLC bought a new stake in Agnico Eagle Mines in the 1st quarter valued at about $240,000. Cromwell Holdings LLC grew its position in shares of Agnico Eagle Mines by 28.2% during the 1st quarter. Cromwell Holdings LLC now owns 854 shares of the mining company's stock worth $93,000 after purchasing an additional 188 shares in the last quarter. Finally, Genus Capital Management Inc. raised its position in shares of Agnico Eagle Mines by 340.7% in the first quarter. Genus Capital Management Inc. now owns 145,372 shares of the mining company's stock valued at $15,748,000 after buying an additional 205,768 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Up 1.4%

Shares of AEM stock opened at $119.81 on Monday. Agnico Eagle Mines Limited has a twelve month low of $69.72 and a twelve month high of $126.76. The stock's fifty day simple moving average is $117.74 and its 200 day simple moving average is $105.93. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $60.24 billion, a P/E ratio of 25.49, a P/E/G ratio of 0.89 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 company had revenue of $2.38 billion for 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 business's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 earnings per share. As a group, sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid 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 currently 34.04%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AEM shares. National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. Citigroup upped 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. BMO Capital Markets began coverage on shares of Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price objective on the stock. Bank of America boosted their target price on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of "Buy" and a consensus 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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