Trek Financial LLC Boosts Stock Position in Agnico Eagle Mines Limited $AEM

Trek Financial LLC grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 265.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,372 shares of the mining company’s stock after acquiring an additional 52,579 shares during the quarter. Trek Financial LLC’s holdings in Agnico Eagle Mines were worth $12,269,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Salvus Wealth Management LLC boosted its holdings in Agnico Eagle Mines by 0.9% in the fourth quarter. Salvus Wealth Management LLC now owns 6,301 shares of the mining company’s stock worth $1,068,000 after acquiring an additional 57 shares in the last quarter. Brookwood Investment Group LLC boosted its holdings in Agnico Eagle Mines by 4.5% in the fourth quarter. Brookwood Investment Group LLC now owns 1,361 shares of the mining company’s stock worth $231,000 after acquiring an additional 58 shares in the last quarter. Baron Wealth Management LLC boosted its holdings in Agnico Eagle Mines by 3.2% in the fourth quarter. Baron Wealth Management LLC now owns 1,879 shares of the mining company’s stock worth $319,000 after acquiring an additional 59 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Agnico Eagle Mines by 1.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,266 shares of the mining company’s stock worth $893,000 after acquiring an additional 59 shares in the last quarter. Finally, Baker Ellis Asset Management LLC boosted its holdings in Agnico Eagle Mines by 0.8% in the fourth quarter. Baker Ellis Asset Management LLC now owns 7,550 shares of the mining company’s stock worth $1,280,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 1.9%

Agnico Eagle Mines stock opened at $196.93 on Tuesday. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 52 week low of $103.38 and a 52 week high of $255.24. The company has a market capitalization of $98.56 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 4.23 and a beta of 0.58. The stock has a 50-day moving average price of $206.69 and a 200 day moving average price of $192.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share. The company’s revenue was up 66.1% compared to the same quarter last year. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 13.09 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Agnico Eagle Mines’s payout ratio is 16.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Agnico Eagle Mines from $220.00 to $222.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. TD Securities raised their price target on Agnico Eagle Mines from $241.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Wall Street Zen downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Weiss Ratings downgraded Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, April 29th. Finally, ATB Cormark Capital Markets raised Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $238.18.

About Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.