Axxcess Wealth Management LLC Purchases Shares of 4,787 Agnico Eagle Mines Limited (NYSE:AEM)

Axxcess Wealth Management LLC bought a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the fourth quarter, Holdings Channel.com reports. The firm bought 4,787 shares of the mining company’s stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC purchased a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $33,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Agnico Eagle Mines in the third quarter valued at approximately $34,000. CVA Family Office LLC acquired a new position in Agnico Eagle Mines in the 4th quarter worth approximately $36,000. Anchor Investment Management LLC purchased a new position in Agnico Eagle Mines during the 4th quarter worth approximately $55,000. Finally, Assetmark Inc. acquired a new stake in Agnico Eagle Mines during the 3rd quarter valued at approximately $87,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

AEM has been the subject of a number of recent research reports. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Raymond James lifted their price target on Agnico Eagle Mines from $66.00 to $71.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. CIBC upped their price objective on Agnico Eagle Mines from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Citigroup raised their price objective on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Agnico Eagle Mines Trading Up 2.8 %

Shares of AEM stock opened at $68.11 on Friday. Agnico Eagle Mines Limited has a 1-year low of $43.22 and a 1-year high of $68.20. The company has a market cap of $33.96 billion, a price-to-earnings ratio of 71.69, a PEG ratio of 0.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 0.88. The stock has a 50 day simple moving average of $59.98 and a 200-day simple moving average of $53.66.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.60 by $0.16. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. On average, equities research analysts expect that Agnico Eagle Mines Limited will post 3.23 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 31st. This represents a $1.60 annualized dividend and a dividend yield of 2.35%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 168.42%.

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.