Quattro Financial Advisors LLC Has $3.33 Million Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Quattro Financial Advisors LLC boosted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 42.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,740 shares of the mining company's stock after purchasing an additional 9,235 shares during the period. Agnico Eagle Mines accounts for approximately 1.1% of Quattro Financial Advisors LLC's holdings, making the stock its 24th largest holding. Quattro Financial Advisors LLC's holdings in Agnico Eagle Mines were worth $3,333,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AEM. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Agnico Eagle Mines by 1.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company's stock valued at $618,000 after buying an additional 85 shares during the last quarter. Benjamin Edwards Inc. boosted its position in Agnico Eagle Mines by 2.0% in the 4th quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock valued at $428,000 after buying an additional 106 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its position in Agnico Eagle Mines by 1.8% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company's stock valued at $543,000 after buying an additional 120 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Agnico Eagle Mines by 19.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 774 shares of the mining company's stock valued at $84,000 after buying an additional 125 shares during the last quarter. Finally, Continuum Advisory LLC boosted its position in Agnico Eagle Mines by 47.0% in the 1st quarter. Continuum Advisory LLC now owns 397 shares of the mining company's stock valued at $43,000 after buying an additional 127 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AEM. Lake Street Capital restated a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. Raymond James Financial upgraded Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price target on the stock in a research report on Monday, June 30th. Royal Bank Of Canada raised their price target on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Finally, National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $130.50.

Agnico Eagle Mines Stock Up 1.2%

Shares of AEM traded up $1.42 during midday trading on Friday, hitting $120.12. The stock had a trading volume of 1,409,345 shares, compared to its average volume of 2,611,735. The firm has a market cap of $60.46 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 0.90 and a beta of 0.50. The company has a 50 day simple moving average of $117.39 and a two-hundred day simple moving average of $104.15. Agnico Eagle Mines Limited has a twelve month low of $68.87 and a twelve month high of $126.76. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. The company had revenue of $2.38 billion for 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%. The company's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous 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 Announces Dividend

The company also recently declared 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 of this dividend was Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines's dividend payout ratio (DPR) is 34.04%.

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.