Sigma Planning Corp Has $2.81 Million Position in Agnico Eagle Mines Limited $AEM

Sigma Planning Corp grew its stake in Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 163.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,882 shares of the mining company’s stock after purchasing an additional 9,849 shares during the period. Sigma Planning Corp’s holdings in Agnico Eagle Mines were worth $2,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AEM. Salvus Wealth Management LLC boosted its position in Agnico Eagle Mines by 0.9% during the 4th quarter. Salvus Wealth Management LLC now owns 6,301 shares of the mining company’s stock worth $1,068,000 after buying an additional 57 shares during the period. Brookwood Investment Group LLC boosted its position in Agnico Eagle Mines by 4.5% during the 4th quarter. Brookwood Investment Group LLC now owns 1,361 shares of the mining company’s stock worth $231,000 after buying an additional 58 shares during the period. Baron Wealth Management LLC boosted its position in Agnico Eagle Mines by 3.2% during the 4th quarter. Baron Wealth Management LLC now owns 1,879 shares of the mining company’s stock worth $319,000 after buying an additional 59 shares during the period. Baker Ellis Asset Management LLC boosted its position in Agnico Eagle Mines by 0.8% during the 4th quarter. Baker Ellis Asset Management LLC now owns 7,550 shares of the mining company’s stock worth $1,280,000 after buying an additional 63 shares during the period. Finally, HB Wealth Management LLC boosted its position in Agnico Eagle Mines by 1.2% during the 3rd quarter. HB Wealth Management LLC now owns 5,640 shares of the mining company’s stock worth $951,000 after buying an additional 69 shares during the period. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $183.51 on Friday. The company has a fifty day simple moving average of $211.77 and a 200 day simple moving average of $191.90. Agnico Eagle Mines Limited has a 12-month low of $103.38 and a 12-month high of $255.24. The company has a current ratio of 2.02, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The company has a market cap of $91.86 billion, a P/E ratio of 17.25, a PEG ratio of 9.26 and a beta of 0.58.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last posted its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.69%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the firm posted $1.53 EPS. Agnico Eagle Mines’s revenue was up 66.1% compared to the same quarter last year. Sell-side analysts predict that Agnico Eagle Mines Limited will post 12.91 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.80 annualized dividend and a yield of 1.0%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 20.27%.

Key Stories Impacting Agnico Eagle Mines

Here are the key news stories impacting Agnico Eagle Mines this week:

Wall Street Analyst Weigh In

AEM has been the topic of several recent research reports. TD lifted their target price on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. cut their target price on shares of Agnico Eagle Mines from $248.00 to $235.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Raymond James Financial reiterated an “outperform” rating and set a $225.00 target price on shares of Agnico Eagle Mines in a research report on Wednesday, January 14th. Citigroup lifted their target price on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Finally, Wall Street Zen downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.36.

Read Our Latest Stock Analysis on Agnico Eagle Mines

Agnico Eagle Mines Profile

(Free Report)

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

Further Reading

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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