Caliber Wealth Management LLC KS Sells 5,194 Shares of Agnico Eagle Mines Limited $AEM

Caliber Wealth Management LLC KS decreased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 33.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,306 shares of the mining company’s stock after selling 5,194 shares during the period. Caliber Wealth Management LLC KS’s holdings in Agnico Eagle Mines were worth $1,226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in Agnico Eagle Mines in the second quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Agnico Eagle Mines in the first quarter worth $26,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Agnico Eagle Mines in the first quarter worth $26,000. Private Trust Co. NA lifted its stake 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 acquiring an additional 232 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in Agnico Eagle Mines in the first quarter worth $34,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $163.30 on Thursday. Agnico Eagle Mines Limited has a 1-year low of $75.17 and a 1-year high of $187.50. 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 business has a fifty day moving average price of $155.77 and a 200-day moving average price of $131.90. The company has a market capitalization of $82.11 billion, a PE ratio of 27.77, a PEG ratio of 0.75 and a beta of 0.46.

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, 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 firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the company earned $1.07 earnings per share. The company’s revenue was up 35.6% on a year-over-year basis. As a group, equities analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citigroup raised their price target on Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. UBS Group raised their price objective on Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Weiss Ratings reissued a “buy (a)” rating on shares of Agnico Eagle Mines in a research report on Wednesday, October 8th. Bank of America raised their price objective on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, Zacks Research raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Six research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price 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.