Gen Wealth Partners Inc Has $150,000 Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Gen Wealth Partners Inc cut its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 34.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,914 shares of the mining company’s stock after selling 990 shares during the period. Gen Wealth Partners Inc’s holdings in Agnico Eagle Mines were worth $150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AEM. JCIC Asset Management Inc. bought a new position in Agnico Eagle Mines in the fourth quarter valued at about $6,441,000. Miracle Mile Advisors LLC grew its holdings in shares of Agnico Eagle Mines by 11.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 3,281 shares of the mining company’s stock valued at $257,000 after purchasing an additional 348 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Agnico Eagle Mines during the 4th quarter worth approximately $156,000. Pinnacle Wealth Management Group Inc. lifted its stake in Agnico Eagle Mines by 0.5% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company’s stock valued at $1,909,000 after purchasing an additional 125 shares during the last quarter. Finally, Rockland Trust Co. acquired a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $308,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 2.1 %

Shares of AEM stock opened at $117.04 on Friday. Agnico Eagle Mines Limited has a fifty-two week low of $63.01 and a fifty-two week high of $126.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The stock has a 50 day simple moving average of $109.90 and a two-hundred day simple moving average of $94.83. The company has a market cap of $58.90 billion, a P/E ratio of 30.96, a PEG ratio of 0.66 and a beta of 0.54.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company earned $0.76 EPS. Agnico Eagle Mines’s quarterly revenue was up 34.9% compared to the same quarter last year. Research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, December 1st. This represents a $1.60 annualized dividend and a yield of 1.37%. Agnico Eagle Mines’s payout ratio is 34.04%.

Analyst Ratings Changes

A number of brokerages recently weighed in on AEM. Royal Bank of Canada boosted their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. Citigroup upped their price objective on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 31st. Bank of America lifted their target price on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, April 8th. Stifel Canada upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, Cfra Research upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Buy” and a consensus target price of $124.40.

Agnico Eagle Mines Company 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.