180 Wealth Advisors LLC Acquires 3,754 Shares of Agnico Eagle Mines Limited $AEM

180 Wealth Advisors LLC grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 184.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,793 shares of the mining company’s stock after purchasing an additional 3,754 shares during the period. 180 Wealth Advisors LLC’s holdings in Agnico Eagle Mines were worth $982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new position in Agnico Eagle Mines in the 2nd quarter worth about $938,644,000. Capital World Investors boosted its position in Agnico Eagle Mines by 20.0% in the 3rd quarter. Capital World Investors now owns 20,765,804 shares of the mining company’s stock valued at $3,497,470,000 after buying an additional 3,462,968 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Agnico Eagle Mines by 38.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,296,796 shares of the mining company’s stock valued at $987,398,000 after buying an additional 2,319,131 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Agnico Eagle Mines by 48.3% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,528,022 shares of the mining company’s stock worth $538,506,000 after acquiring an additional 1,474,385 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Agnico Eagle Mines by 53.1% in the 2nd quarter. Invesco Ltd. now owns 4,164,046 shares of the mining company’s stock worth $495,230,000 after acquiring an additional 1,444,746 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AEM has been the subject of several research analyst reports. Wall Street Zen raised shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Scotiabank reissued an “outperform” rating and issued a $280.00 price objective on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. Citigroup lifted their target price on Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Zacks Research upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, UBS Group reissued a “neutral” rating and set a $240.00 price target on shares of Agnico Eagle Mines in a research report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Buy” and an average target price of $234.91.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $183.53 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm has a market cap of $91.95 billion, a PE ratio of 20.67 and a beta of 0.61. Agnico Eagle Mines Limited has a 12 month low of $94.77 and a 12 month high of $255.24. The stock has a fifty day moving average price of $213.56 and a 200-day moving average price of $183.63.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, February 12th. The mining company reported $2.69 earnings per share 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 firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the previous year, the business earned $1.26 EPS. The firm’s revenue for the quarter was up 60.3% on a year-over-year basis. Equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.45 dividend. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, March 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 20.27%.

Agnico Eagle Mines Company Profile

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.