Park Avenue Securities LLC Takes Position in Agnico Eagle Mines Limited (NYSE:AEM)

Park Avenue Securities LLC purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,755 shares of the mining company's stock, valued at approximately $407,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in Agnico Eagle Mines by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock worth $255,000 after acquiring an additional 1,431 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Agnico Eagle Mines by 2.7% during the fourth quarter. US Bancorp DE now owns 6,770 shares of the mining company's stock worth $529,000 after purchasing an additional 175 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Agnico Eagle Mines by 6.5% during the fourth quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company's stock worth $443,000 after purchasing an additional 347 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Agnico Eagle Mines in the fourth quarter worth $814,000. Finally, Kestra Private Wealth Services LLC increased its holdings in Agnico Eagle Mines by 23.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 7,929 shares of the mining company's stock valued at $620,000 after purchasing an additional 1,515 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $124.51 on Friday. The firm has a market capitalization of $62.68 billion, a P/E ratio of 32.94, a P/E/G ratio of 0.66 and a beta of 0.51. Agnico Eagle Mines Limited has a twelve month low of $63.81 and a twelve month high of $126.76. The company has a fifty day moving average of $116.10 and a 200-day moving average of $100.50. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.14. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The business's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. As a group, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on AEM. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Bank of America raised their price objective on Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. TD Securities cut their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Cfra Research raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Finally, UBS Group raised their price target on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $127.40.

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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.