Sagespring Wealth Partners LLC Purchases Shares of 14,653 Agnico Eagle Mines Limited (NYSE:AEM)

Sagespring Wealth Partners LLC purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,653 shares of the mining company's stock, valued at approximately $1,589,000.

A number of other large investors also recently bought and sold shares of the stock. Benjamin Edwards Inc. lifted its holdings in Agnico Eagle Mines by 2.0% in the fourth quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock valued at $428,000 after acquiring an additional 106 shares during the period. Duncker Streett & Co. Inc. grew its holdings in Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after buying an additional 112 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 120 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 purchasing an additional 125 shares during the last quarter. Finally, Sapient Capital LLC lifted its stake in Agnico Eagle Mines by 1.2% during the 1st quarter. Sapient Capital LLC now owns 10,984 shares of the mining company's stock worth $1,191,000 after acquiring an additional 128 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AEM has been the topic of several recent research reports. BMO Capital Markets initiated coverage on Agnico Eagle Mines in a report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price target on the stock. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Raymond James raised their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, UBS Group raised their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $127.40.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $123.97 on Tuesday. Agnico Eagle Mines Limited has a fifty-two week low of $63.81 and a fifty-two week high of $126.76. The stock has a market cap of $62.40 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 0.66 and a beta of 0.51. The business has a fifty day moving average of $116.58 and a 200-day moving average of $100.89. 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 released its quarterly 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 analysts' expectations of $2.27 billion. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The business's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. As a group, analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

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

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.

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