Nations Financial Group Inc. IA ADV Buys New Position in Agnico Eagle Mines Limited $AEM

Key Points

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Nations Financial Group Inc. IA ADV bought 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 Form 13F filing with the Securities and Exchange Commission. The fund bought 2,105 shares of the mining company's stock, valued at approximately $228,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in Agnico Eagle Mines in the 1st quarter valued at about $26,000. Cary Street Partners Investment Advisory LLC acquired a new position in Agnico Eagle Mines in the 1st quarter valued at about $26,000. Private Trust Co. NA raised its stake in Agnico Eagle Mines by 454.9% in the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Agnico Eagle Mines in the 1st quarter valued at about $34,000. Finally, Dagco Inc. acquired a new position in Agnico Eagle Mines in the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 68.34% of the company's stock.

Analyst Upgrades and Downgrades

AEM has been the subject of a number of research analyst reports. Cfra Research raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. Lake Street Capital restated a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. CIBC reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. Finally, Bank of America raised their price objective on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of "Buy" and a consensus target price of $136.90.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $133.53 on Tuesday. The firm has a market capitalization of $67.14 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 0.92 and a beta of 0.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03. Agnico Eagle Mines Limited has a one year low of $75.17 and a one year high of $137.81. The stock's fifty day moving average is $124.28 and its 200-day moving average is $113.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.46 billion. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%. Agnico Eagle Mines's revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 earnings per share. Equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.40 per share. This represents a yield of 136.0%. The ex-dividend date of this dividend was Friday, May 30th. Agnico Eagle Mines's payout ratio is presently 27.21%.

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.

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