Total Wealth Planning & Management Inc. Grows Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Total Wealth Planning & Management Inc. lifted its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 44.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,988 shares of the mining company's stock after purchasing an additional 3,402 shares during the quarter. Agnico Eagle Mines comprises approximately 1.1% of Total Wealth Planning & Management Inc.'s portfolio, making the stock its 17th largest holding. Total Wealth Planning & Management Inc.'s holdings in Agnico Eagle Mines were worth $1,191,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Benjamin Edwards Inc. increased its stake 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 worth $428,000 after acquiring an additional 106 shares during the last quarter. Duncker Streett & Co. Inc. increased its position in shares of Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after purchasing an additional 112 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its stake in Agnico Eagle Mines by 1.8% in the fourth 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Agnico Eagle Mines by 19.3% in the first 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 in the last quarter. Finally, Continuum Advisory LLC lifted its position in Agnico Eagle Mines by 47.0% during the first 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. Hedge funds and other institutional investors own 68.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AEM. UBS Group increased their price target on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, April 25th. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. National Bankshares reiterated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday. Finally, Citigroup increased their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Two equities 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. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $130.50.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $123.06 on Friday. The business has a 50 day moving average of $117.61 and a 200 day moving average of $102.73. Agnico Eagle Mines Limited has a 52 week low of $64.65 and a 52 week high of $126.76. The company has a market cap of $61.94 billion, a PE ratio of 26.18, a P/E/G ratio of 0.91 and a beta of 0.51. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.05.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the firm earned $0.76 EPS. The company's quarterly revenue was up 34.9% compared to the same quarter last year. As a group, equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

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