PDS Planning Inc Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

PDS Planning Inc bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,441 shares of the mining company's stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its stake in Agnico Eagle Mines by 11.5% in the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company's stock valued at $252,000 after purchasing an additional 331 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Agnico Eagle Mines by 6.1% in the 4th quarter. Private Advisor Group LLC now owns 9,626 shares of the mining company's stock valued at $753,000 after buying an additional 550 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of Agnico Eagle Mines by 86.6% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 8,292 shares of the mining company's stock worth $649,000 after buying an additional 3,848 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Agnico Eagle Mines by 6.0% during the 4th quarter. IFP Advisors Inc now owns 4,709 shares of the mining company's stock worth $368,000 after acquiring an additional 266 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Agnico Eagle Mines by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 479,600 shares of the mining company's stock worth $37,510,000 after acquiring an additional 32,961 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. BMO Capital Markets started coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 target price on the stock. Bank of America upped 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. Finally, Raymond James Financial boosted their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of "Buy" and a consensus price target of $130.50.

Agnico Eagle Mines Stock Performance

AEM opened at $116.10 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. Agnico Eagle Mines Limited has a 12-month low of $64.65 and a 12-month high of $126.76. The firm has a 50 day moving average of $117.50 and a two-hundred day moving average of $102.95. The firm has a market capitalization of $58.44 billion, a PE ratio of 24.70, a P/E/G ratio of 0.94 and a beta of 0.51.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.14. The firm had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The firm's revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 earnings per share. On average, analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

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

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.

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