Washburn Capital Management Inc. purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,250 shares of the mining company's stock, valued at approximately $244,000.
Other hedge funds have also bought and sold shares of the company. DAVENPORT & Co LLC purchased a new stake in Agnico Eagle Mines in the 1st quarter worth $226,000. Bank of New York Mellon Corp grew its holdings in Agnico Eagle Mines by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 485,317 shares of the mining company's stock valued at $52,613,000 after purchasing an additional 5,717 shares during the last quarter. Private Trust Co. NA grew its holdings in Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines during the first quarter worth approximately $34,000. Finally, Captrust Financial Advisors increased its position in shares of Agnico Eagle Mines by 6.5% during the fourth quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company's stock worth $443,000 after acquiring an additional 347 shares during the period. Hedge funds and other institutional investors own 68.34% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Bank of America raised their target price 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. 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 report on Friday, April 11th. Scotiabank reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. CIBC reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday. Finally, BMO Capital Markets assumed coverage on shares of Agnico Eagle Mines in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 target price on the stock. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of "Buy" and a consensus target price of $136.90.
Check Out Our Latest Analysis on AEM
Agnico Eagle Mines Price Performance
Shares of AEM traded down $0.31 during trading hours on Friday, reaching $118.31. The company had a trading volume of 573,684 shares, compared to its average volume of 2,605,224. The firm has a 50 day simple moving average of $117.97 and a 200-day simple moving average of $106.68. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $59.48 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 0.89 and a beta of 0.50. Agnico Eagle Mines Limited has a 12-month low of $69.72 and a 12-month high of $126.76.
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 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. The firm had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The firm's revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 EPS. Research 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 disclosed a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's payout ratio is 34.04%.
Agnico Eagle Mines Profile
(
Free Report)
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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