OneDigital Investment Advisors LLC bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,159 shares of the mining company's stock, valued at approximately $234,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its holdings in shares of Agnico Eagle Mines by 107.9% in the 1st quarter. D.A. Davidson & CO. now owns 28,439 shares of the mining company's stock worth $3,083,000 after purchasing an additional 14,763 shares in the last quarter. Principal Financial Group Inc. raised its position in Agnico Eagle Mines by 34.7% during the 1st quarter. Principal Financial Group Inc. now owns 27,915 shares of the mining company's stock valued at $3,024,000 after purchasing an additional 7,185 shares during the last quarter. Ativo Capital Management LLC bought a new position in Agnico Eagle Mines during the 1st quarter valued at approximately $1,536,000. Private Trust Co. NA raised its position in Agnico Eagle Mines by 454.9% during 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. Finally, DAVENPORT & Co LLC bought a new position in shares of Agnico Eagle Mines in the 1st quarter worth approximately $226,000. 68.34% of the stock is currently owned by hedge funds and other institutional investors.
Agnico Eagle Mines Stock Up 1.4%
Shares of NYSE AEM opened at $119.81 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 2.37. The firm has a market capitalization of $60.24 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 0.89 and a beta of 0.50. The stock has a 50 day moving average price of $117.74 and a 200 day moving average price of $105.74. Agnico Eagle Mines Limited has a 52-week low of $69.72 and a 52-week high of $126.76.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. The company 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. Sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.
Agnico Eagle Mines Dividend Announcement
The business also recently announced a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.
Analysts Set New Price Targets
AEM has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price objective on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Bank of America lifted their target price on Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Lake Street Capital reaffirmed a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Finally, Raymond James Financial raised Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price objective on the stock in a research note on Monday, June 30th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Buy" and a consensus target price of $133.78.
Read Our Latest Analysis on AEM
Agnico Eagle Mines Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding AEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM.
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