Wealth Enhancement Advisory Services LLC Boosts Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Wealth Enhancement Advisory Services LLC grew its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 37.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,997 shares of the mining company's stock after acquiring an additional 8,390 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Agnico Eagle Mines were worth $2,424,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. PKO Investment Management Joint Stock Co purchased a new position in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $14,361,000. Total Wealth Planning & Management Inc. purchased a new position in Agnico Eagle Mines during the fourth quarter valued at $593,000. Employees Retirement System of Texas boosted its holdings in Agnico Eagle Mines by 2.1% in the fourth quarter. Employees Retirement System of Texas now owns 84,041 shares of the mining company's stock worth $6,573,000 after acquiring an additional 1,690 shares in the last quarter. Azzad Asset Management Inc. ADV grew its stake in shares of Agnico Eagle Mines by 1.9% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 63,328 shares of the mining company's stock worth $4,953,000 after acquiring an additional 1,175 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in shares of Agnico Eagle Mines during the fourth quarter valued at $1,307,000. Institutional investors own 68.34% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on AEM shares. National Bank Financial raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. UBS Group boosted their price objective 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. 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. Citigroup boosted their price target on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines has an average rating of "Buy" and an average target price of $127.40.

Agnico Eagle Mines Stock Performance

NYSE:AEM traded down $4.13 on Friday, hitting $117.93. The stock had a trading volume of 3,712,237 shares, compared to its average volume of 2,573,361. 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 stock has a market cap of $59.37 billion, a price-to-earnings ratio of 31.20, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54. The business's 50-day simple moving average is $114.19 and its two-hundred day simple moving average is $98.86. Agnico Eagle Mines Limited has a 52-week low of $63.01 and a 52-week high of $126.76.

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. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The company'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. As a group, research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

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