Wealth Alliance Advisory Group LLC Buys Shares of 2,059 Agnico Eagle Mines Limited (NYSE:AEM)

Wealth Alliance Advisory Group LLC acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,059 shares of the mining company's stock, valued at approximately $223,000.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its position in Agnico Eagle Mines by 11.5% during the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company's stock valued at $252,000 after buying an additional 331 shares during the period. Golden State Equity Partners grew its stake in Agnico Eagle Mines by 2,865.9% during the 4th quarter. Golden State Equity Partners now owns 2,699 shares of the mining company's stock valued at $211,000 after acquiring an additional 2,608 shares in the last quarter. Resonant Capital Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $208,000. Jennison Associates LLC lifted its position in shares of Agnico Eagle Mines by 4.9% in the fourth quarter. Jennison Associates LLC now owns 611,530 shares of the mining company's stock worth $47,828,000 after purchasing an additional 28,592 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Agnico Eagle Mines by 2.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 10,712 shares of the mining company's stock worth $838,000 after purchasing an additional 241 shares during the period. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Price Performance

Shares of AEM stock traded down $1.58 during trading hours on Thursday, hitting $122.04. The company had a trading volume of 2,862,630 shares, compared to its average volume of 2,566,671. Agnico Eagle Mines Limited has a 12 month low of $63.01 and a 12 month high of $126.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The firm's fifty day moving average is $113.91 and its 200 day moving average is $98.57. The firm has a market capitalization of $61.43 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 0.66 and a beta of 0.54.

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 return on equity of 10.45% and a net margin of 22.88%. The company had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same period last year, the business earned $0.76 earnings per share. The business's revenue was up 34.9% on a year-over-year basis. On average, sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on AEM shares. Stifel Canada raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Raymond James raised their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. UBS Group boosted their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. TD Securities dropped their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada raised their price target on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $127.40.

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.