PFG Investments LLC Buys 1,197 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

PFG Investments LLC boosted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 13.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,174 shares of the mining company’s stock after acquiring an additional 1,197 shares during the quarter. PFG Investments LLC’s holdings in Agnico Eagle Mines were worth $558,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Coppell Advisory Solutions Corp. purchased a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at $26,000. Bruce G. Allen Investments LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $33,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at $34,000. CVA Family Office LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $36,000. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at $37,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Price Performance

NYSE:AEM opened at $57.85 on Thursday. The company has a quick ratio of 0.74, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. Agnico Eagle Mines Limited has a 52 week low of $43.22 and a 52 week high of $61.15. The stock has a market capitalization of $28.81 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 24.34 and a beta of 1.03. The stock’s 50-day moving average price is $50.83 and its 200-day moving average price is $50.31.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Friday, February 16th. The mining company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.09. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the firm posted $0.41 EPS. Agnico Eagle Mines’s revenue was up 26.9% compared to the same quarter last year. As a group, equities analysts expect that Agnico Eagle Mines Limited will post 2.3 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Thursday, February 29th. Agnico Eagle Mines’s payout ratio is 38.93%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AEM shares. Raymond James upped their target price 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. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Wednesday, January 3rd. CIBC cut their price target on Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. TD Securities cut their price target on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Finally, Jefferies Financial Group started coverage on Agnico Eagle Mines in a research report on Thursday, February 29th. They set a “hold” rating and a $54.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.71.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. 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.