Sigma Planning Corp Buys New Position in Agnico Eagle Mines Limited (NYSE:AEM)

Sigma Planning Corp acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,382 shares of the mining company's stock, valued at approximately $692,000.

Several other large investors have also recently modified their holdings of the stock. Private Trust Co. NA grew its stake in shares of 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 period. Golden State Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the 1st quarter worth approximately $34,000. Hexagon Capital Partners LLC raised its holdings in shares of Agnico Eagle Mines by 31.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company's stock worth $40,000 after acquiring an additional 87 shares in the last quarter. Continuum Advisory LLC increased its position in shares of Agnico Eagle Mines by 47.0% during the 1st quarter. Continuum Advisory LLC now owns 397 shares of the mining company's stock valued at $43,000 after purchasing an additional 127 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in shares of Agnico Eagle Mines during the 1st quarter valued at approximately $49,000. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 0.9%

AEM stock opened at $118.67 on Friday. 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 Limited has a 52-week low of $69.72 and a 52-week high of $126.76. The company has a 50-day moving average of $117.97 and a two-hundred day moving average of $106.68. The stock has a market capitalization of $59.67 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 0.89 and a beta of 0.50.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the business posted $0.76 earnings per share. The company's revenue was up 34.9% on a year-over-year basis. As a group, equities research 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 disclosed a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.40 per share. 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 is presently 34.04%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Citigroup raised their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, March 31st. BMO Capital Markets assumed coverage on Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price objective on the stock. Finally, Raymond James Financial upgraded Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price objective on the stock in a research report on Monday, June 30th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of "Buy" and a consensus price target of $136.90.

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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