Souders Financial Advisors Takes Position in Agnico Eagle Mines Limited (NYSE:AEM)

Souders Financial Advisors purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,962 shares of the mining company's stock, valued at approximately $538,000.

Several other hedge funds have also added to or reduced their stakes in AEM. Private Trust Co. NA raised its stake in shares of Agnico Eagle Mines by 454.9% in 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 acquired a new stake in shares of Agnico Eagle Mines in the 1st quarter valued at about $34,000. Hexagon Capital Partners LLC raised its stake in shares of Agnico Eagle Mines by 31.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company's stock valued at $40,000 after purchasing an additional 87 shares during the period. Continuum Advisory LLC raised its stake in shares of 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 purchasing an additional 127 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Agnico Eagle Mines in the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 0.8%

Shares of AEM opened at $117.72 on Monday. Agnico Eagle Mines Limited has a one year low of $69.72 and a one year high of $126.76. The company has a market cap of $59.19 billion, a P/E ratio of 25.05, a P/E/G ratio of 0.86 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. The firm has a 50 day simple moving average of $117.99 and a two-hundred day simple moving average of $107.33.

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, beating analysts' consensus estimates of $1.39 by $0.14. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. Agnico Eagle Mines's quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. Research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS 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. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 34.04%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. Raymond James Financial upgraded Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price objective for the company in a report on Monday, June 30th. 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 for the company. Lake Street Capital restated a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Finally, Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $136.90.

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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