111 Capital Invests $529,000 in Agnico Eagle Mines Limited $AEM

111 Capital acquired a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the second quarter, Holdings Channel reports. The institutional investor acquired 4,439 shares of the mining company’s stock, valued at approximately $529,000.

A number of other institutional investors have also made changes to their positions in the business. TD Asset Management Inc grew its position in Agnico Eagle Mines by 42.8% during the first quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company’s stock worth $978,553,000 after buying an additional 2,709,005 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Agnico Eagle Mines by 57.4% during the first quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock worth $254,029,000 after buying an additional 854,924 shares in the last quarter. Nuveen LLC acquired a new stake in Agnico Eagle Mines during the first quarter worth about $85,926,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Agnico Eagle Mines by 11.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock worth $728,214,000 after buying an additional 673,400 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Agnico Eagle Mines by 3.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company’s stock worth $1,457,160,000 after buying an additional 499,362 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on AEM. Weiss Ratings reissued a “buy (a)” rating on shares of Agnico Eagle Mines in a research report on Saturday, September 27th. National Bankshares reissued an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. UBS Group lifted their target price on Agnico Eagle Mines from $125.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. Bank of America lifted their target price on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Finally, TD Securities raised Agnico Eagle Mines to a “strong-buy” rating in a report on Thursday, July 17th. Seven equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $141.40.

Agnico Eagle Mines Stock Up 0.7%

NYSE AEM opened at $169.40 on Monday. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $145.38 and its two-hundred day moving average is $126.37. The company has a market capitalization of $85.18 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.14 and a beta of 0.46. Agnico Eagle Mines Limited has a 1-year low of $75.17 and a 1-year high of $171.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.46 billion. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 earnings per share. Equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

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.