Evoke Wealth LLC Acquires 2,324 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Evoke Wealth LLC boosted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,455 shares of the mining company’s stock after acquiring an additional 2,324 shares during the quarter. Evoke Wealth LLC’s holdings in Agnico Eagle Mines were worth $1,600,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in Agnico Eagle Mines by 1.4% during the third quarter. Principal Financial Group Inc. now owns 21,822 shares of the mining company’s stock valued at $1,760,000 after purchasing an additional 302 shares during the last quarter. Atria Investments Inc acquired a new position in Agnico Eagle Mines during the third quarter valued at approximately $239,000. Empowered Funds LLC grew its holdings in Agnico Eagle Mines by 3.0% during the third quarter. Empowered Funds LLC now owns 43,464 shares of the mining company’s stock valued at $3,501,000 after purchasing an additional 1,251 shares during the last quarter. Natixis Advisors LLC grew its holdings in Agnico Eagle Mines by 8.9% during the third quarter. Natixis Advisors LLC now owns 86,621 shares of the mining company’s stock valued at $6,978,000 after purchasing an additional 7,099 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Agnico Eagle Mines by 0.6% during the third quarter. Swiss National Bank now owns 1,506,558 shares of the mining company’s stock valued at $121,558,000 after purchasing an additional 9,400 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Jefferies Financial Group increased their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Raymond James set a $105.00 price objective on shares of Agnico Eagle Mines and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Royal Bank of Canada raised their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Scotiabank raised their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, TD Securities lowered their price objective on shares of Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.78.

Agnico Eagle Mines Stock Up 0.5 %

AEM opened at $105.83 on Wednesday. Agnico Eagle Mines Limited has a fifty-two week low of $54.02 and a fifty-two week high of $107.88. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. The firm’s fifty day moving average price is $94.49 and its two-hundred day moving average price is $86.40. The company has a market capitalization of $53.23 billion, a P/E ratio of 28.00, a P/E/G ratio of 0.66 and a beta of 1.00.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. On average, analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.51%. Agnico Eagle Mines’s dividend payout ratio is currently 42.33%.

About Agnico Eagle Mines

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.