Nicholson Meyer Capital Management Inc. Purchases Shares of 4,380 Agnico Eagle Mines Limited (NYSE:AEM)

Nicholson Meyer Capital Management Inc. bought a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,380 shares of the mining company's stock, valued at approximately $475,000. Agnico Eagle Mines comprises 0.4% of Nicholson Meyer Capital Management Inc.'s holdings, making the stock its 27th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after buying an additional 318 shares during the last quarter. Duncker Streett & Co. Inc. boosted its position in Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after purchasing an additional 112 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Agnico Eagle Mines during the fourth quarter worth approximately $34,000. Golden State Wealth Management LLC purchased a new position in Agnico Eagle Mines during the first quarter worth approximately $34,000. Finally, Coppell Advisory Solutions LLC boosted its position in Agnico Eagle Mines by 235.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock worth $37,000 after purchasing an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Trading Up 0.1%

Shares of AEM traded up $0.14 during midday trading on Wednesday, hitting $118.10. 1,167,731 shares of the stock were exchanged, compared to its average volume of 2,599,428. Agnico Eagle Mines Limited has a 52-week low of $64.65 and a 52-week high of $126.76. The stock has a fifty day simple moving average of $117.34 and a 200 day simple moving average of $103.53. The firm has a market cap of $59.44 billion, a P/E ratio of 25.09, a P/E/G ratio of 0.90 and a beta of 0.50. 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 released its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. Agnico Eagle Mines's revenue was up 34.9% compared to the same quarter last year. During the same period last year, the business posted $0.76 earnings per share. On average, research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have issued reports on AEM shares. Stifel Canada upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. Raymond James Financial raised Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 target price for the company in a report on Monday. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. Finally, National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $130.50.

Agnico Eagle Mines Company 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.