Ingalls & Snyder LLC Has $1.49 Million Stake in Agnico Eagle Mines Limited $AEM

Ingalls & Snyder LLC lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,528 shares of the mining company’s stock after selling 616 shares during the quarter. Ingalls & Snyder LLC’s holdings in Agnico Eagle Mines were worth $1,490,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AEM. Ameritas Advisory Services LLC acquired a new stake in Agnico Eagle Mines in the 2nd quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Agnico Eagle Mines during the 1st quarter worth approximately $26,000. Cary Street Partners Investment Advisory LLC bought a new stake in Agnico Eagle Mines during the first quarter worth $26,000. City State Bank boosted its stake in Agnico Eagle Mines by 69.2% in the second quarter. City State Bank now owns 269 shares of the mining company’s stock valued at $32,000 after buying an additional 110 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 0.8%

Shares of Agnico Eagle Mines stock opened at $163.43 on Monday. The company’s 50-day moving average price is $157.00 and its 200-day moving average price is $133.20. The company has a market cap of $82.18 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 0.73 and a beta of 0.46. The company has a current ratio of 2.03, a quick ratio of 1.16 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.

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 for the quarter, topping the consensus estimate of $1.83 by $0.11. The firm 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%. The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 earnings per share. On average, equities analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AEM has been the subject of several recent research reports. UBS Group upped their price objective on Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. CIBC boosted their price target 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. Raymond James Financial increased their target price on Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. TD Securities increased their price objective on Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a research report on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $184.50.

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.