Agnico Eagle Mines Limited $AEM is Murphy Pohlad Asset Management LLC’s 3rd Largest Position

Murphy Pohlad Asset Management LLC reduced its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,487 shares of the mining company’s stock after selling 3,290 shares during the period. Agnico Eagle Mines comprises about 2.8% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 3rd largest holding. Murphy Pohlad Asset Management LLC’s holdings in Agnico Eagle Mines were worth $6,599,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. DAVENPORT & Co LLC purchased a new stake in shares of Agnico Eagle Mines during the first quarter worth $226,000. Bank of New York Mellon Corp raised its holdings in shares of Agnico Eagle Mines by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 485,317 shares of the mining company’s stock worth $52,613,000 after acquiring an additional 5,717 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of 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 acquiring an additional 232 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the first quarter worth $34,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the first quarter worth $234,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Price Performance

NYSE AEM opened at $162.52 on Friday. The stock has a market capitalization of $81.66 billion, a PE ratio of 23.73, a P/E/G ratio of 0.70 and a beta of 0.46. The stock has a 50-day simple moving average of $158.94 and a 200 day simple moving average of $134.33. 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 twelve month low of $75.17 and a twelve month high of $187.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.76 by $0.40. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.93 billion. Agnico Eagle Mines had a return on equity of 15.97% and a net margin of 32.62%.During the same period in the previous year, the business posted $1.14 EPS. Research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on AEM shares. UBS Group raised their target price on Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Scotiabank restated an “outperform” rating on shares of Agnico Eagle Mines in a report on Thursday, October 23rd. Raymond James Financial raised their price objective on Agnico Eagle Mines from $155.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. CIBC raised 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. Finally, TD Securities raised 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. 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 company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $184.50.

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.