Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Spire Wealth Management

by · The Cerbat Gem

Spire Wealth Management increased its position in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 109.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 13,444 shares of the mining company’s stock after acquiring an additional 7,024 shares during the period. Spire Wealth Management’s holdings in Agnico Eagle Mines were worth $1,457,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AEM. Smartleaf Asset Management LLC lifted its holdings in shares of Agnico Eagle Mines by 859.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company’s stock valued at $28,000 after purchasing an additional 318 shares during the last quarter. Duncker Streett & Co. Inc. lifted its holdings in shares of Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company’s stock valued at $32,000 after purchasing an additional 112 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at $34,000. Coppell Advisory Solutions LLC lifted its holdings in shares of Agnico Eagle Mines by 235.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company’s stock valued at $37,000 after purchasing an additional 329 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analysts Set New Price Targets

AEM has been the subject of several analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Bank of America upped their target price on Agnico Eagle Mines from $170.00 to $173.00 and gave the company a “buy” rating in a report on Monday. Royal Bank Of Canada upped their target price on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. National Bankshares reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday. Finally, National Bank Financial raised Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $130.50.

Get Our Latest Analysis on Agnico Eagle Mines

Agnico Eagle Mines Stock Up 2.7%

NYSE:AEM opened at $123.06 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. Agnico Eagle Mines Limited has a 1-year low of $64.65 and a 1-year high of $126.76. The business’s fifty day moving average price is $117.61 and its 200 day moving average price is $102.73. The firm has a market capitalization of $61.94 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 0.91 and a beta of 0.51.

Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last issued its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the firm posted $0.76 EPS. The business’s revenue was up 34.9% compared to the same quarter last year. On average, sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

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

Agnico Eagle Mines Profile

(Free Report)

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.

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