Vanguard Personalized Indexing Management LLC Buys 2,189 Shares of Agnico Eagle Mines Limited $AEM

Vanguard Personalized Indexing Management LLC raised its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 14.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,550 shares of the mining company’s stock after buying an additional 2,189 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Agnico Eagle Mines were worth $2,088,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AEM. Ameritas Advisory Services LLC bought a new stake in shares of Agnico Eagle Mines in the second quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Agnico Eagle Mines in the first quarter valued at about $26,000. Cary Street Partners Investment Advisory LLC purchased a new position in Agnico Eagle Mines in the first quarter worth about $26,000. Private Trust Co. NA boosted its position in Agnico Eagle Mines by 454.9% in the first quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock worth $31,000 after purchasing an additional 232 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines during the 1st quarter valued at about $34,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

AEM opened at $185.53 on Friday. The company has a 50 day simple moving average of $152.98 and a two-hundred day simple moving average of $130.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. The firm has a market cap of $93.29 billion, a P/E ratio of 31.55, a PEG ratio of 1.19 and a beta of 0.46. Agnico Eagle Mines Limited has a 1-year low of $75.17 and a 1-year high of $187.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results 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 analysts’ expectations of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. Agnico Eagle Mines’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.07 EPS. Equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Lake Street Capital reiterated a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Citigroup increased their price target on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings reiterated a “buy (a)” rating on shares of Agnico Eagle Mines in a research note on Wednesday, October 8th. CIBC upped their price objective on Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Finally, Zacks Research raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Six research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $175.20.

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.