Moran Wealth Management LLC Purchases 14,282 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Moran Wealth Management LLC raised its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 192.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,713 shares of the mining company's stock after buying an additional 14,282 shares during the period. Moran Wealth Management LLC's holdings in Agnico Eagle Mines were worth $1,191,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its holdings in Agnico Eagle Mines by 9.5% in the 4th quarter. Van ECK Associates Corp now owns 23,059,010 shares of the mining company's stock valued at $1,264,791,000 after buying an additional 1,995,127 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new position in Agnico Eagle Mines in the fourth quarter valued at about $41,610,000. The Manufacturers Life Insurance Company raised its stake in Agnico Eagle Mines by 8.6% during the third quarter. The Manufacturers Life Insurance Company now owns 8,380,993 shares of the mining company's stock worth $383,555,000 after acquiring an additional 665,356 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Agnico Eagle Mines by 19.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,745,423 shares of the mining company's stock worth $150,588,000 after acquiring an additional 451,814 shares during the last quarter. Finally, Alberta Investment Management Corp increased its position in Agnico Eagle Mines by 17.2% during the 3rd quarter. Alberta Investment Management Corp now owns 1,957,250 shares of the mining company's stock worth $89,350,000 after purchasing an additional 286,600 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AEM has been the subject of several research analyst reports. Citigroup upped their price target on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, April 30th. National Bank Financial restated an "outperform overweight" rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. CIBC upped their price objective on Agnico Eagle Mines from $80.00 to $81.00 and gave the company an "outperform" rating in a research note on Tuesday, April 30th. Jefferies Financial Group lifted their target price on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a "hold" rating in a research report on Monday, April 22nd. Finally, TD Securities upped their price target on shares of Agnico Eagle Mines from $74.00 to $78.00 and gave the company a "buy" rating in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $69.63.

Agnico Eagle Mines Stock Up 0.7 %

Shares of NYSE AEM traded up $0.46 during trading on Wednesday, hitting $69.10. 2,201,549 shares of the company traded hands, compared to its average volume of 3,196,503. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 2.21. The business's fifty day moving average is $60.99 and its 200 day moving average is $54.14. The firm has a market capitalization of $34.51 billion, a price-to-earnings ratio of 72.69, a P/E/G ratio of 0.80 and a beta of 1.04. Agnico Eagle Mines Limited has a fifty-two week low of $43.22 and a fifty-two week high of $69.55.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.60 by $0.16. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company's quarterly revenue was up 21.2% on a year-over-year basis. Equities research analysts predict that Agnico Eagle Mines Limited will post 3.17 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.40 per share. 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 2.32%. Agnico Eagle Mines's dividend payout ratio (DPR) is currently 168.42%.

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.