Agnico Eagle Mines Limited (NYSE:AEM) Stock Position Lifted by PFG Investments LLC

PFG Investments LLC lifted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.8% in the 1st quarter, HoldingsChannel reports. The firm owned 10,667 shares of the mining company’s stock after purchasing an additional 493 shares during the quarter. PFG Investments LLC’s holdings in Agnico Eagle Mines were worth $636,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in Agnico Eagle Mines during the fourth quarter valued at about $325,327,000. FIL Ltd boosted its stake in Agnico Eagle Mines by 16.4% during the fourth quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock valued at $1,102,481,000 after buying an additional 2,831,794 shares in the last quarter. Clearbridge Investments LLC bought a new position in Agnico Eagle Mines during the fourth quarter valued at about $132,257,000. Van ECK Associates Corp boosted its stake in Agnico Eagle Mines by 9.5% during the fourth 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. Finally, Capital Wealth Planning LLC bought a new position in Agnico Eagle Mines during the fourth quarter valued at about $88,547,000. Institutional investors own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AEM. Raymond James raised their target price on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. TD Securities decreased their price target on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. CIBC decreased their price target on Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Finally, Jefferies Financial Group increased their price target on Agnico Eagle Mines from $54.00 to $57.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.14.

Agnico Eagle Mines Stock Up 0.5 %

Agnico Eagle Mines stock traded up $0.30 during mid-day trading on Monday, hitting $65.82. The company’s stock had a trading volume of 2,212,898 shares, compared to its average volume of 3,312,240. The firm’s 50 day moving average is $57.26 and its 200 day moving average is $52.80. The company has a market cap of $32.82 billion, a PE ratio of 69.28, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 0.88. Agnico Eagle Mines Limited has a 52-week low of $43.22 and a 52-week high of $67.80.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.16. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.78 billion. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS. On average, analysts anticipate that Agnico Eagle Mines Limited will post 2.77 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.43%. The ex-dividend date is Friday, May 31st. Agnico Eagle Mines’s dividend payout ratio 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.