4,163 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by Dakota Wealth Management

Dakota Wealth Management purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,163 shares of the mining company’s stock, valued at approximately $451,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. DAVENPORT & Co LLC acquired a new position in shares of Agnico Eagle Mines in the 1st quarter valued at about $226,000. Bank of New York Mellon Corp raised its holdings in shares of Agnico Eagle Mines by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 485,317 shares of the mining company’s stock valued at $52,613,000 after acquiring an additional 5,717 shares during the last quarter. Private Trust Co. NA grew its position in shares of Agnico Eagle Mines by 454.9% in the first quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after purchasing an additional 232 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Agnico Eagle Mines in the first quarter worth approximately $34,000. Finally, Captrust Financial Advisors lifted its stake in Agnico Eagle Mines by 6.5% during the fourth quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company’s stock worth $443,000 after purchasing an additional 347 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $118.67 on Friday. The company has a fifty day moving average price of $117.97 and a 200-day moving average price of $106.68. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. The firm has a market cap of $59.67 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 0.89 and a beta of 0.50. Agnico Eagle Mines Limited has a 1 year low of $69.72 and a 1 year high of $126.76.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data 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. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. As a group, equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.40 dividend. This represents a yield of 1.36%. The ex-dividend date of this dividend was Friday, May 30th. Agnico Eagle Mines’s dividend payout ratio is presently 34.04%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. National Bank Financial upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, March 21st. CIBC reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a research note on Tuesday. BMO Capital Markets began coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an “outperform” rating and a $181.00 price objective on the stock. Cfra Research upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, April 25th. Finally, Raymond James Financial upgraded shares of Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 target price for the company in a report on Monday, June 30th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus target price of $136.90.

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.