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

Total Wealth Planning & Management Inc. purchased a new position 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 purchased 7,586 shares of the mining company's stock, valued at approximately $593,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after purchasing an additional 318 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Agnico Eagle Mines by 176.9% during the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after buying an additional 260 shares during the last quarter. Duncker Streett & Co. Inc. grew its holdings in shares of Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after acquiring an additional 112 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $34,000. Finally, Coppell Advisory Solutions LLC raised its holdings in Agnico Eagle Mines by 235.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock worth $37,000 after acquiring an additional 329 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AEM. UBS Group raised their price target on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Cfra Research raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Bank of America lifted their price objective on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $124.40.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock traded down $0.14 during trading hours on Friday, hitting $118.03. The company had a trading volume of 2,614,738 shares, compared to its average volume of 2,560,383. Agnico Eagle Mines Limited has a one year low of $63.01 and a one year high of $126.76. The firm has a market cap of $59.40 billion, a PE ratio of 31.22, a PEG ratio of 0.66 and a beta of 0.54. The firm has a 50-day moving average of $112.90 and a 200 day moving average of $97.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results 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 return on equity of 10.45% and a net margin of 22.88%. The business had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same period last year, the firm posted $0.76 EPS. The firm's revenue for the quarter was up 34.9% compared to the same quarter last year. On average, sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 1.36%. Agnico Eagle Mines's payout ratio is presently 34.04%.

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.