2,000 Shares in Agnico Eagle Mines Limited $AEM Purchased by Arista Wealth Management LLC

Arista Wealth Management LLC bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 2,000 shares of the mining company’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also bought and sold shares of AEM. TD Asset Management Inc raised its holdings 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 acquiring an additional 2,709,005 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings 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 acquiring an additional 854,924 shares in the last quarter. Nuveen LLC bought a new stake in Agnico Eagle Mines during the first quarter worth about $85,926,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings 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 acquiring an additional 673,400 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings 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 acquiring an additional 499,362 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $174.68 on Friday. Agnico Eagle Mines Limited has a 12 month low of $75.17 and a 12 month high of $187.50. The stock’s 50 day moving average is $153.76 and its 200-day moving average is $130.59. 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 company has a market capitalization of $87.83 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 1.23 and a beta of 0.46.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $2.46 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. Equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analyst Ratings Changes

AEM has been the topic of several research analyst reports. National Bankshares restated an “outperform” rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. CIBC upped their price objective on Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Weiss Ratings restated a “buy (a)” rating on shares of Agnico Eagle Mines in a research note on Wednesday, October 8th. Citigroup upped their price objective on Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, TD Securities upped their price objective on Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines 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.