7,586 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Bought by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,586 shares of the mining company's stock, valued at approximately $593,000.

Several other large investors have also recently made changes to their positions in the business. Norges Bank bought a new position in Agnico Eagle Mines in the 4th quarter worth about $573,446,000. Capital World Investors boosted its stake in Agnico Eagle Mines by 41.9% in the 4th quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock worth $1,091,550,000 after purchasing an additional 4,121,164 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Agnico Eagle Mines by 81.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock worth $551,339,000 after purchasing an additional 3,155,927 shares during the period. AGF Management Ltd. boosted its stake in Agnico Eagle Mines by 184.6% in the 4th quarter. AGF Management Ltd. now owns 1,395,850 shares of the mining company's stock worth $109,205,000 after purchasing an additional 905,328 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Agnico Eagle Mines by 3.6% during the 4th quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company's stock valued at $1,745,858,000 after acquiring an additional 778,919 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AEM shares. UBS Group lifted their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Royal Bank of Canada upped their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. TD Securities lowered their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Citigroup increased their target price on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a report on Monday, March 31st. Finally, Bank of America increased their target price on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Buy" and an average price target of $124.40.

Agnico Eagle Mines Trading Up 0.3%

NYSE:AEM traded up $0.37 during trading hours on Thursday, reaching $118.24. 3,613,951 shares of the stock were exchanged, compared to its average volume of 2,565,124. Agnico Eagle Mines Limited has a twelve month low of $63.01 and a twelve month high of $126.76. The company has a market capitalization of $59.50 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 0.66 and a beta of 0.54. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $112.37 and a two-hundred day moving average of $97.05.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results 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 company had revenue of $2.38 billion for 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%. Agnico Eagle Mines's quarterly revenue was up 34.9% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. On average, equities analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.40 per share. This represents a dividend yield of 1.36%. The ex-dividend date of this dividend is 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.