Stratos Wealth Advisors LLC Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Stratos Wealth Advisors LLC purchased a new position in 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. The fund purchased 2,128 shares of the mining company's stock, valued at approximately $231,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Agnico Eagle Mines by 11.5% during the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company's stock worth $252,000 after purchasing an additional 331 shares during the period. Proficio Capital Partners LLC purchased a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $814,000. Wealthfront Advisers LLC purchased a new position in shares of Agnico Eagle Mines during the fourth quarter worth approximately $916,000. Farther Finance Advisors LLC grew its position in shares of Agnico Eagle Mines by 7.9% during the fourth quarter. Farther Finance Advisors LLC now owns 4,796 shares of the mining company's stock worth $375,000 after acquiring an additional 353 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of Agnico Eagle Mines by 10.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 21,926 shares of the mining company's stock worth $1,715,000 after purchasing an additional 2,144 shares during the period. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 0.4%

NYSE AEM traded down $0.44 on Tuesday, reaching $119.12. 2,506,800 shares of the stock traded hands, compared to its average volume of 2,610,174. The company has a market cap of $59.89 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 0.89 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 2.37. Agnico Eagle Mines Limited has a 12 month low of $69.72 and a 12 month high of $126.76. The company has a fifty day moving average price of $117.74 and a 200-day moving average price of $105.93.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued 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. The company had revenue of $2.38 billion during 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 firm's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 earnings per share. As a group, research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 16th. Shareholders 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 is currently 34.04%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AEM. Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. UBS Group raised their price target on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Lake Street Capital reiterated a "buy" rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Bank of America boosted their price target on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, 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. 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 MarketBeat.com, Agnico Eagle Mines has a consensus rating of "Buy" and an average price target of $136.90.

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.