2,340 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Acquired by First Affirmative Financial Network

First Affirmative Financial Network acquired a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 2,340 shares of the mining company’s stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp grew its stake in Agnico Eagle Mines by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock worth $1,745,858,000 after purchasing an additional 778,919 shares in the last quarter. Vanguard Group Inc. grew its stake in Agnico Eagle Mines by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company’s stock worth $1,554,180,000 after purchasing an additional 331,087 shares in the last quarter. Capital World Investors lifted its holdings in Agnico Eagle Mines by 41.9% during the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company’s stock worth $1,091,550,000 after buying an additional 4,121,164 shares during the period. Deutsche Bank AG lifted its holdings in Agnico Eagle Mines by 0.7% during the fourth quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company’s stock worth $932,008,000 after buying an additional 87,410 shares during the period. Finally, Norges Bank purchased a new stake in Agnico Eagle Mines during the fourth quarter worth $573,446,000. Institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

AEM has been the subject of a number of analyst reports. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. Wall Street Zen lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Raymond James upped their target price on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. Finally, Royal Bank of Canada upped their target price on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Buy” and an average price target of $127.40.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $117.93 on Friday. Agnico Eagle Mines Limited has a 12 month low of $63.43 and a 12 month high of $126.76. The stock has a fifty day moving average price of $114.38 and a 200-day moving average price of $99.22. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm has a market cap of $59.37 billion, a PE ratio of 31.20, a P/E/G ratio of 0.66 and a beta of 0.51.

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

Agnico Eagle Mines Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 34.04%.

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.