International Assets Investment Management LLC Invests $103.79 Million in Agnico Eagle Mines Limited (NYSE:AEM)

International Assets Investment Management LLC acquired a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 189,233 shares of the mining company's stock, valued at approximately $103,790,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. IHT Wealth Management LLC boosted its stake in Agnico Eagle Mines by 1.5% in the fourth quarter. IHT Wealth Management LLC now owns 14,049 shares of the mining company's stock worth $988,000 after buying an additional 208 shares in the last quarter. Avidian Wealth Solutions LLC lifted its stake in Agnico Eagle Mines by 4.7% in the third quarter. Avidian Wealth Solutions LLC now owns 4,846 shares of the mining company's stock worth $220,000 after purchasing an additional 216 shares during the last quarter. Natixis Advisors L.P. boosted its position in Agnico Eagle Mines by 1.3% during the third quarter. Natixis Advisors L.P. now owns 18,206 shares of the mining company's stock valued at $827,000 after buying an additional 242 shares during the period. FirstPurpose Wealth LLC grew its stake in shares of Agnico Eagle Mines by 3.8% during the third quarter. FirstPurpose Wealth LLC now owns 7,174 shares of the mining company's stock valued at $326,000 after buying an additional 260 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Agnico Eagle Mines by 34.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,016 shares of the mining company's stock worth $62,000 after buying an additional 263 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Up 2.3 %

AEM stock traded up $1.41 during trading on Friday, hitting $62.00. 3,694,254 shares of the stock traded hands, compared to its average volume of 3,152,433. The stock has a market cap of $30.88 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 26.33 and a beta of 1.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.09 and a quick ratio of 0.74. Agnico Eagle Mines Limited has a 1 year low of $43.22 and a 1 year high of $62.48. The firm's 50 day moving average is $52.42 and its two-hundred day moving average is $50.91.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.09. The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.72 billion. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The business's revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 2.3 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines's dividend payout ratio is currently 38.93%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AEM. National Bank Financial restated an "outperform overweight" rating on shares of Agnico Eagle Mines in a research report on Wednesday, January 3rd. Raymond James upped their price target on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the company an "outperform" rating in a report on Friday, January 12th. TD Securities cut their price target on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, February 21st. CIBC cut their target price on Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 7th. Finally, Jefferies Financial Group began coverage on shares of Agnico Eagle Mines in a research report on Thursday, February 29th. They set a "hold" rating and a $54.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of "Moderate Buy" and an average price target of $63.71.

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.