Uhlmann Price Securities LLC Has $1.36 Million Stock Position in Agnico Eagle Mines Limited $AEM

Uhlmann Price Securities LLC decreased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 14.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,428 shares of the mining company’s stock after selling 1,906 shares during the period. Agnico Eagle Mines makes up 1.0% of Uhlmann Price Securities LLC’s portfolio, making the stock its 19th largest holding. Uhlmann Price Securities LLC’s holdings in Agnico Eagle Mines were worth $1,359,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AEM shares. Lake Street Capital reiterated a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. TD Securities lifted their price target on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. CIBC lifted their price objective on Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Citigroup lifted their price objective on Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a report on Wednesday. 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 issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Buy” and an average target price of $175.20.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $174.68 on Monday. The stock has a 50-day simple moving average of $153.76 and a 200 day simple moving average of $130.91. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. Agnico Eagle Mines Limited has a 12-month low of $75.17 and a 12-month high of $187.50. The stock has a market capitalization of $87.83 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 0.80 and a beta of 0.46.

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

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.