First Trust Advisors LP Acquires 8,394 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

First Trust Advisors LP boosted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 5.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 169,101 shares of the mining company's stock after purchasing an additional 8,394 shares during the quarter. First Trust Advisors LP's holdings in Agnico Eagle Mines were worth $13,226,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. grew its holdings in shares of Agnico Eagle Mines by 37.3% during the fourth 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 during the last quarter. Pinnacle Wealth Management Group Inc. lifted its position in Agnico Eagle Mines by 0.5% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company's stock valued at $1,909,000 after acquiring an additional 125 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in Agnico Eagle Mines by 2.1% during the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock valued at $569,000 after purchasing an additional 141 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Agnico Eagle Mines by 24.5% in the 4th quarter. Quadrant Capital Group LLC now owns 787 shares of the mining company's stock worth $62,000 after purchasing an additional 155 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Agnico Eagle Mines by 34.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock worth $51,000 after purchasing an additional 165 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on AEM shares. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. BMO Capital Markets began coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price target on the stock. StockNews.com cut shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Bank of America increased 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. Finally, Raymond James lifted their target price on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $124.40.

Agnico Eagle Mines Price Performance

NYSE:AEM traded down $1.68 during trading hours on Friday, hitting $110.88. 1,180,378 shares of the stock traded hands, compared to its average volume of 2,439,363. The company has a market cap of $55.80 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87. Agnico Eagle Mines Limited has a 1 year low of $63.01 and a 1 year high of $126.76. The stock has a 50 day moving average price of $107.60 and a 200 day moving average price of $93.50. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The company had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter in the previous year, the company earned $0.76 EPS. Agnico Eagle Mines's revenue for the quarter was up 34.9% on a year-over-year basis. Sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines's dividend payout ratio (DPR) is 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.