Capital Analysts LLC Makes New $1.56 Million Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Capital Analysts LLC purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the fourth quarter, Holdings Channel.com reports. The firm purchased 28,386 shares of the mining company’s stock, valued at approximately $1,557,000.

A number of other institutional investors have also recently made changes to their positions in the company. IHT Wealth Management LLC lifted its holdings in shares of Agnico Eagle Mines by 1.5% in the 4th quarter. IHT Wealth Management LLC now owns 14,049 shares of the mining company’s stock valued at $988,000 after acquiring an additional 208 shares during the last quarter. Avidian Wealth Solutions LLC raised its stake in shares of Agnico Eagle Mines by 4.7% during the third quarter. Avidian Wealth Solutions LLC now owns 4,846 shares of the mining company’s stock valued at $220,000 after acquiring an additional 216 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of 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 acquiring an additional 242 shares in the last quarter. FirstPurpose Wealth LLC raised 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 acquiring an additional 260 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Agnico Eagle Mines by 34.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,016 shares of the mining company’s stock valued at $62,000 after acquiring an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

NYSE AEM traded down $0.66 during trading hours on Tuesday, hitting $60.77. 757,044 shares of the company’s stock traded hands, compared to its average volume of 3,207,524. Agnico Eagle Mines Limited has a 52-week low of $43.22 and a 52-week high of $64.19. The company has a market capitalization of $30.30 billion, a PE ratio of 14.95, a PEG ratio of 0.92 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. The firm’s 50-day moving average is $53.90 and its 200-day moving average is $51.51.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Friday, February 16th. The mining company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.09. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the company earned $0.41 EPS. Agnico Eagle Mines’s revenue was up 26.9% compared to the same quarter last year. Equities analysts forecast that Agnico Eagle Mines Limited will post 2.51 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.60 annualized dividend and a yield of 2.63%. Agnico Eagle Mines’s dividend payout ratio is presently 38.93%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AEM. CIBC cut their price objective on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Raymond James boosted their price objective 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 dropped their price objective 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. Finally, Jefferies Financial Group began coverage on shares of Agnico Eagle Mines in a report on Thursday, February 29th. They set a “hold” rating and a $54.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and a consensus 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.