Visionary Wealth Advisors Purchases 3,825 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Visionary Wealth Advisors lifted its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 13.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,037 shares of the mining company's stock after acquiring an additional 3,825 shares during the period. Visionary Wealth Advisors' holdings in Agnico Eagle Mines were worth $2,506,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Bank of America raised their price objective on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, April 8th. BMO Capital Markets assumed coverage on Agnico Eagle Mines in a research report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price objective for the company. Finally, Raymond James increased their target price on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $124.40.

Agnico Eagle Mines Stock Performance

AEM stock opened at $108.23 on Tuesday. The company has a market cap of $54.47 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54. Agnico Eagle Mines Limited has a 1 year low of $63.01 and a 1 year high of $126.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The stock's fifty day moving average price is $110.78 and its 200-day moving average price is $95.69.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.14. The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The company's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. On average, equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.48%. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 34.04%.

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.

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