Foster Dykema Cabot & Co. Inc. MA Has $249,000 Stake in Agnico Eagle Mines Limited (AEM)

Foster Dykema Cabot & Co. Inc. MA continued to hold its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,509 shares of the mining company’s stock at the end of the second quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in Agnico Eagle Mines Limited were worth $249,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Sei Investments Co. boosted its position in shares of Agnico Eagle Mines Limited by 75.7% in the second quarter. Sei Investments Co. now owns 2,260 shares of the mining company’s stock worth $102,000 after buying an additional 974 shares in the last quarter. Financial Architects Inc boosted its position in shares of Agnico Eagle Mines Limited by 52.8% in the first quarter. Financial Architects Inc now owns 2,605 shares of the mining company’s stock worth $111,000 after buying an additional 900 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Agnico Eagle Mines Limited by 9.8% in the first quarter. IFP Advisors Inc now owns 2,639 shares of the mining company’s stock worth $112,000 after buying an additional 235 shares in the last quarter. WFG Advisors LP boosted its position in shares of Agnico Eagle Mines Limited by 76.6% in the first quarter. WFG Advisors LP now owns 3,580 shares of the mining company’s stock worth $152,000 after buying an additional 1,553 shares in the last quarter. Finally, Wetherby Asset Management Inc. purchased a new position in shares of Agnico Eagle Mines Limited during the first quarter worth about $210,000. Institutional investors own 60.65% of the company’s stock.

Agnico Eagle Mines Limited (AEM) opened at 46.15 on Friday. Agnico Eagle Mines Limited has a 52 week low of $35.05 and a 52 week high of $59.18. The company has a market capitalization of $10.67 billion, a PE ratio of 42.42 and a beta of -0.67. The firm’s 50-day moving average price is $45.47 and its 200 day moving average price is $45.90.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, July 26th. The mining company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.10. Agnico Eagle Mines Limited had a return on equity of 5.38% and a net margin of 11.32%. The business had revenue of $549.88 million for the quarter, compared to the consensus estimate of $529.43 million. During the same period in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts expect that Agnico Eagle Mines Limited will post $0.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, August 30th. Agnico Eagle Mines Limited’s dividend payout ratio (DPR) is 36.70%.

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A number of brokerages recently issued reports on AEM. Zacks Investment Research upgraded Agnico Eagle Mines Limited from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Thursday, May 11th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $61.00 target price on shares of Agnico Eagle Mines Limited in a report on Thursday, June 15th. Scotiabank reiterated an “outperform” rating and issued a $56.50 target price on shares of Agnico Eagle Mines Limited in a report on Friday, April 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $46.00 target price on shares of Agnico Eagle Mines Limited in a report on Tuesday, April 18th. Finally, National Bank Financial upgraded Agnico Eagle Mines Limited from a “sector perform” rating to an “outperform” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $54.81.

Agnico Eagle Mines Limited Company Profile

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

Institutional Ownership by Quarter for Agnico Eagle Mines Limited (NYSE:AEM)

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