Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Aries Wealth Management

Aries Wealth Management increased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.0% in the fourth quarter, Holdings Channel reports. The firm owned 11,616 shares of the mining company’s stock after acquiring an additional 450 shares during the period. Aries Wealth Management’s holdings in Agnico Eagle Mines were worth $637,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bruce G. Allen Investments LLC purchased a new position in Agnico Eagle Mines in the 4th quarter worth approximately $33,000. Foundation Resource Management Inc. boosted its holdings in Agnico Eagle Mines by 3.3% in the 4th quarter. Foundation Resource Management Inc. now owns 307,524 shares of the mining company’s stock worth $16,868,000 after acquiring an additional 9,793 shares during the period. Anchor Investment Management LLC purchased a new position in Agnico Eagle Mines in the 4th quarter worth approximately $55,000. Vanguard Group Inc. boosted its holdings in Agnico Eagle Mines by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 17,224,538 shares of the mining company’s stock worth $782,855,000 after acquiring an additional 278,647 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Agnico Eagle Mines by 5.7% in the 3rd quarter. Wellington Management Group LLP now owns 632,403 shares of the mining company’s stock worth $28,752,000 after acquiring an additional 34,072 shares during the period. Institutional investors and hedge funds own 59.37% of the company’s stock.

Agnico Eagle Mines Stock Down 1.1 %

Shares of AEM traded down $0.63 during midday trading on Monday, reaching $55.31. 2,846,082 shares of the stock were exchanged, compared to its average volume of 3,170,893. Agnico Eagle Mines Limited has a 12-month low of $43.22 and a 12-month high of $61.15. The firm has a 50 day simple moving average of $50.12 and a 200-day simple moving average of $49.86. The company has a quick ratio of 0.74, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. The company has a market cap of $27.54 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 24.46 and a beta of 1.03.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the business earned $0.41 EPS. The business’s quarterly revenue was up 26.9% on a year-over-year basis. Research analysts forecast that Agnico Eagle Mines Limited will post 2.27 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Thursday, February 29th. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 38.93%.

Wall Street Analysts Forecast Growth

AEM has been the subject of several research analyst reports. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Wednesday, January 3rd. Jefferies Financial Group started coverage on Agnico Eagle Mines in a research report on Thursday, February 29th. They set a “hold” rating and a $54.00 price target on the stock. TD Securities dropped their price target on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Raymond James increased their target price on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. Finally, CIBC dropped their target price on Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.71.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. 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.