Parvin Asset Management LLC Purchases Shares of 20,663 Agnico Eagle Mines Limited (NYSE:AEM)

Parvin Asset Management LLC bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,663 shares of the mining company's stock, valued at approximately $1,616,000. Agnico Eagle Mines makes up about 1.7% of Parvin Asset Management LLC's portfolio, making the stock its 8th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ion Asset Management Ltd. increased its holdings in Agnico Eagle Mines by 24.6% in the fourth quarter. Ion Asset Management Ltd. now owns 8,100 shares of the mining company's stock valued at $634,000 after buying an additional 1,600 shares in the last quarter. Northern Trust Corp grew its holdings in Agnico Eagle Mines by 66.4% in the fourth quarter. Northern Trust Corp now owns 419,827 shares of the mining company's stock valued at $32,835,000 after purchasing an additional 167,490 shares during the last quarter. Cheviot Value Management LLC increased its position in shares of Agnico Eagle Mines by 1.5% in the fourth quarter. Cheviot Value Management LLC now owns 471,787 shares of the mining company's stock valued at $36,898,000 after buying an additional 6,765 shares in the last quarter. Dauntless Investment Group LLC purchased a new position in Agnico Eagle Mines during the 4th quarter valued at about $348,000. Finally, Integrated Wealth Concepts LLC raised its position in Agnico Eagle Mines by 6.0% during the fourth quarter. Integrated Wealth Concepts LLC now owns 6,668 shares of the mining company's stock worth $522,000 after acquiring an additional 379 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Performance

NYSE:AEM traded up $2.38 during midday trading on Monday, reaching $113.50. 1,630,309 shares of the company traded hands, compared to its average volume of 2,451,003. The firm has a market capitalization of $57.12 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 0.66 and a beta of 0.54. The company has a fifty day moving average price of $107.88 and a 200 day moving average price of $93.87. Agnico Eagle Mines Limited has a twelve month low of $63.01 and a twelve month high of $126.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86.

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 (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The company had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter in the prior year, the business posted $0.76 earnings per share. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. On average, analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Monday, December 1st. Agnico Eagle Mines's payout ratio is currently 34.04%.

Wall Street Analyst Weigh In

AEM has been the subject of several recent research reports. StockNews.com downgraded Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. UBS Group boosted their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, April 11th. BMO Capital Markets assumed coverage on Agnico Eagle Mines in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $181.00 price objective on the stock. TD Securities decreased their price target on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group raised their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $124.40.

Agnico Eagle Mines Company 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.