Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by WealthTrust Axiom LLC

WealthTrust Axiom LLC lifted its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 36.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,058 shares of the mining company's stock after buying an additional 12,601 shares during the period. Agnico Eagle Mines makes up 0.9% of WealthTrust Axiom LLC's investment portfolio, making the stock its 29th largest holding. WealthTrust Axiom LLC's holdings in Agnico Eagle Mines were worth $2,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Van ECK Associates Corp grew its position in Agnico Eagle Mines by 9.5% during the 4th quarter. Van ECK Associates Corp now owns 23,059,010 shares of the mining company's stock worth $1,264,791,000 after purchasing an additional 1,995,127 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Agnico Eagle Mines by 1.6% in the third quarter. Vanguard Group Inc. now owns 17,224,538 shares of the mining company's stock valued at $782,855,000 after acquiring an additional 278,647 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Agnico Eagle Mines by 1.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 13,794,968 shares of the mining company's stock valued at $626,981,000 after acquiring an additional 152,166 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Agnico Eagle Mines by 0.4% in the fourth quarter. Mackenzie Financial Corp now owns 9,811,207 shares of the mining company's stock valued at $538,193,000 after acquiring an additional 41,068 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Agnico Eagle Mines by 8.6% in the third quarter. The Manufacturers Life Insurance Company now owns 8,380,993 shares of the mining company's stock valued at $383,555,000 after acquiring an additional 665,356 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday. Jefferies Financial Group lifted their target price on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the company a "hold" rating in a report on Monday, April 22nd. CIBC raised their price objective on shares of Agnico Eagle Mines from $80.00 to $81.00 and gave the company an "outperform" rating in a research note on Tuesday. National Bank Financial reiterated an "outperform overweight" rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Finally, Raymond James raised their price objective on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the company an "outperform" rating in a research note on Friday, January 12th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $69.63.

Agnico Eagle Mines Trading Down 3.7 %

Shares of NYSE AEM traded down $2.46 during midday trading on Tuesday, reaching $63.35. 3,541,014 shares of the stock were exchanged, compared to its average volume of 3,315,550. The company has a market capitalization of $31.59 billion, a P/E ratio of 66.68, a P/E/G ratio of 0.89 and a beta of 1.06. Agnico Eagle Mines Limited has a 52-week low of $43.22 and a 52-week high of $67.80. The company has a current ratio of 2.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $57.26 and a 200-day moving average price of $52.80.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.16. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.78 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. The company's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share. Equities research analysts expect that Agnico Eagle Mines Limited will post 2.77 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.60 dividend on an annualized basis and a yield of 2.53%. Agnico Eagle Mines's payout ratio is 168.42%.

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.