PFG Investments LLC Grows Stake in Agnico Eagle Mines Limited (NYSE:AEM)

PFG Investments LLC increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,667 shares of the mining company’s stock after buying 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 SEC filing.

Other large investors have also recently made changes to their positions in the company. Blair William & Co. IL grew its holdings in shares of Agnico Eagle Mines by 5.9% during the third quarter. Blair William & Co. IL now owns 23,718 shares of the mining company’s stock valued at $1,078,000 after buying an additional 1,313 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Agnico Eagle Mines by 15.5% during the fourth quarter. Raymond James & Associates now owns 364,440 shares of the mining company’s stock valued at $19,990,000 after buying an additional 48,782 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Agnico Eagle Mines by 5.7% during the third quarter. Wellington Management Group LLP now owns 632,403 shares of the mining company’s stock valued at $28,752,000 after buying an additional 34,072 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in Agnico Eagle Mines during the fourth quarter valued at $41,610,000. Finally, Sprott Inc. lifted its position in Agnico Eagle Mines by 4.1% during the third quarter. Sprott Inc. now owns 1,412,300 shares of the mining company’s stock valued at $65,249,000 after purchasing an additional 55,032 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AEM has been the subject of a number of research reports. CIBC decreased their target price on shares of 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. Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. TD Securities decreased their target price on shares of 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. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Finally, Raymond James upped their price objective on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. Two equities 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.com, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average price target of $64.14.

Agnico Eagle Mines Trading Up 0.5 %

Shares of Agnico Eagle Mines stock traded up $0.30 during mid-day trading on Monday, hitting $65.82. The stock had a trading volume of 2,212,898 shares, compared to its average volume of 3,312,240. The firm has a 50-day moving average of $57.26 and a two-hundred day moving average of $52.80. The company has a quick ratio of 0.88, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. Agnico Eagle Mines Limited has a 12-month low of $43.22 and a 12-month high of $67.80. The firm has a market cap of $32.82 billion, a P/E ratio of 69.28, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.60 by $0.16. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the business posted $0.57 EPS. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. Sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, May 31st. This represents a $1.60 dividend on an annualized basis and a yield of 2.43%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 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.