Shrier Wealth Management LLC Invests $824,000 in Agnico Eagle Mines Limited $AEM

Shrier Wealth Management LLC purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,858 shares of the mining company’s stock, valued at approximately $824,000.

Other institutional investors also recently modified their holdings of the company. Salvus Wealth Management LLC boosted its holdings in Agnico Eagle Mines by 0.9% in 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. Baron Wealth Management LLC raised its holdings 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 valued at $319,000 after acquiring an additional 59 shares during the period. Pure Portfolios Holdings LLC lifted its position in shares of Agnico Eagle Mines by 1.6% during the third quarter. Pure Portfolios Holdings LLC now owns 3,781 shares of the mining company’s stock worth $637,000 after acquiring an additional 60 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Agnico Eagle Mines by 1.2% during the third quarter. HB Wealth Management LLC now owns 5,640 shares of the mining company’s stock worth $951,000 after acquiring an additional 69 shares in the last quarter. Finally, Union Bancaire Privee UBP SA boosted its holdings in shares of Agnico Eagle Mines by 1.6% in the third quarter. Union Bancaire Privee UBP SA now owns 4,446 shares of the mining company’s stock worth $749,000 after acquiring an additional 72 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Agnico Eagle Mines from $248.00 to $235.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Wall Street Zen upgraded Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. TD Securities lifted their target price on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Raymond James Financial reiterated an “outperform” rating and set a $225.00 price target on shares of Agnico Eagle Mines in a research report on Wednesday, January 14th. Finally, UBS Group lowered their price target on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.18.

Check Out Our Latest Analysis on AEM

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Agnico Eagle Mines Stock Performance

Shares of NYSE AEM opened at $202.84 on Wednesday. The stock’s 50-day moving average is $212.56 and its 200 day moving average is $185.26. The stock has a market cap of $101.63 billion, a price-to-earnings ratio of 22.84 and a beta of 0.61. Agnico Eagle Mines Limited has a 1-year low of $94.77 and a 1-year 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.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last issued its earnings results on Thursday, February 12th. The mining company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.13. Agnico Eagle Mines had a return on equity of 18.09% and a net margin of 37.47%.The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Agnico Eagle Mines’s revenue for the quarter was up 60.3% on a year-over-year basis. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.45 dividend. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Agnico Eagle Mines’s dividend payout ratio is currently 20.27%.

Agnico Eagle Mines Company 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.

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

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