Ninety One UK Ltd Trims Position in Agnico Eagle Mines Limited $AEM

Ninety One UK Ltd decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 91.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,683 shares of the mining company’s stock after selling 401,093 shares during the period. Ninety One UK Ltd’s holdings in Agnico Eagle Mines were worth $4,599,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Agnico Eagle Mines by 1.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company’s stock worth $618,000 after purchasing an additional 85 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of Agnico Eagle Mines by 31.1% in the first quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company’s stock valued at $40,000 after buying an additional 87 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of Agnico Eagle Mines by 47.0% during the 1st quarter. Continuum Advisory LLC now owns 397 shares of the mining company’s stock worth $43,000 after buying an additional 127 shares during the last quarter. Sapient Capital LLC boosted its position in shares of Agnico Eagle Mines by 1.2% in the 1st quarter. Sapient Capital LLC now owns 10,984 shares of the mining company’s stock worth $1,191,000 after buying an additional 128 shares in the last quarter. Finally, US Bancorp DE grew its stake in Agnico Eagle Mines by 2.0% in the 1st quarter. US Bancorp DE now owns 6,908 shares of the mining company’s stock valued at $749,000 after acquiring an additional 138 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 1.0%

Shares of NYSE AEM opened at $170.31 on Thursday. The firm has a market cap of $85.63 billion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 1.13 and a beta of 0.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03. Agnico Eagle Mines Limited has a 1 year low of $75.17 and a 1 year high of $171.45. The firm’s 50 day moving average price is $143.69 and its 200 day moving average price is $125.21.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the company posted $1.07 EPS. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AEM shares. UBS Group lifted their target price on shares of Agnico Eagle Mines from $125.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. CIBC reissued an “outperform” rating on shares of Agnico Eagle Mines in a research note on Tuesday, July 15th. Raymond James Financial raised Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 target price on the stock in a research note on Monday, June 30th. Bank of America increased their target price on Agnico Eagle Mines from $170.00 to $173.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Finally, Zacks Research cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Five research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average target price of $141.40.

Agnico Eagle Mines Company 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.