Kestra Private Wealth Services LLC Buys 12,027 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Kestra Private Wealth Services LLC grew its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 151.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,956 shares of the mining company’s stock after purchasing an additional 12,027 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Agnico Eagle Mines were worth $2,163,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $573,446,000. Capital World Investors lifted its position 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 valued at $1,091,550,000 after buying an additional 4,121,164 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Agnico Eagle Mines by 81.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company’s stock worth $551,339,000 after purchasing an additional 3,155,927 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Agnico Eagle Mines by 33.2% in the 4th quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company’s stock worth $239,844,000 after purchasing an additional 749,932 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in Agnico Eagle Mines by 304.5% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 913,936 shares of the mining company’s stock worth $71,465,000 after buying an additional 687,971 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Lake Street Capital reiterated a “buy” rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. UBS Group increased their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, April 11th. TD Securities upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research note on Thursday, July 17th. Royal Bank Of Canada raised their target price on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Finally, Scotiabank reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $136.90.

Agnico Eagle Mines Trading Up 4.2%

Shares of AEM stock opened at $122.69 on Tuesday. The stock has a market cap of $61.69 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 0.86 and a beta of 0.50. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.05. Agnico Eagle Mines Limited has a fifty-two week low of $69.72 and a fifty-two week high of $126.76. The firm’s 50 day moving average price is $117.99 and its two-hundred day moving average price is $107.33.

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

Agnico Eagle Mines Dividend Announcement

The firm also recently disclosed 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 was Friday, May 30th. Agnico Eagle Mines’s dividend payout ratio is presently 34.04%.

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.