Agnico Eagle Mines Limited $AEM is PKO Investment Management Joint Stock Co’s 10th Largest Position

PKO Investment Management Joint Stock Co raised its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 158,978 shares of the mining company’s stock after acquiring an additional 5,500 shares during the period. Agnico Eagle Mines accounts for 2.0% of PKO Investment Management Joint Stock Co’s portfolio, making the stock its 10th biggest position. PKO Investment Management Joint Stock Co’s holdings in Agnico Eagle Mines were worth $18,862,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its position in Agnico Eagle Mines by 3.9% in 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. TD Asset Management Inc lifted its position in shares of Agnico Eagle Mines by 3.6% in the second quarter. TD Asset Management Inc now owns 9,356,548 shares of the mining company’s stock valued at $1,112,500,000 after acquiring an additional 323,252 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Agnico Eagle Mines by 11.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock worth $728,214,000 after purchasing an additional 673,400 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Agnico Eagle Mines by 57.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock valued at $254,029,000 after acquiring an additional 854,924 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Agnico Eagle Mines by 10.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,977,395 shares of the mining company’s stock valued at $214,361,000 after purchasing an additional 189,935 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AEM has been the topic of a number of research analyst reports. Weiss Ratings lowered Agnico Eagle Mines from a “buy (a)” rating to a “buy (b+)” rating in a research note on Friday. CIBC increased their target price 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. UBS Group upped their price objective on shares of Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Citigroup lifted 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. Finally, Zacks Research upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Five research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $184.50.

Agnico Eagle Mines Trading Down 0.8%

NYSE:AEM opened at $163.43 on Friday. The stock has a market cap of $82.18 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 0.74 and a beta of 0.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03. Agnico Eagle Mines Limited has a 1 year low of $75.17 and a 1 year high of $187.50. The business has a fifty day moving average of $157.00 and a 200-day moving average of $132.78.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its 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 firm had revenue of $2.86 billion during the quarter, compared to analyst estimates 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 was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. Equities analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current 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.