Agnico Eagle Mines Limited $AEM Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,178,532 shares of the mining company’s stock after buying an additional 31,087 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Agnico Eagle Mines were worth $140,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Agnico Eagle Mines by 3.1% during the second quarter. Vanguard Group Inc. now owns 20,417,906 shares of the mining company’s stock worth $2,432,603,000 after acquiring an additional 614,437 shares in the last quarter. TD Asset Management Inc grew its stake in 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 purchasing an additional 323,252 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Agnico Eagle Mines by 11.1% in 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. Geode Capital Management LLC increased its position in Agnico Eagle Mines by 21.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,136,535 shares of the mining company’s stock worth $501,717,000 after purchasing an additional 722,117 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Agnico Eagle Mines by 10.8% during the 2nd quarter. Legal & General Group Plc now owns 3,140,771 shares of the mining company’s stock worth $373,460,000 after purchasing an additional 305,061 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Up 4.3%

Shares of Agnico Eagle Mines stock opened at $173.07 on Thursday. Agnico Eagle Mines Limited has a 12-month low of $76.91 and a 12-month high of $187.50. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average price of $165.43 and a two-hundred day moving average price of $140.61. The stock has a market capitalization of $86.82 billion, a P/E ratio of 25.27, a PEG ratio of 0.70 and a beta of 0.45.

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

Analysts Set New Price Targets

AEM has been the subject of several recent research reports. Citigroup boosted their price target on Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Zacks Research cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Bank of America boosted their target price on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Wall Street Zen upgraded shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 22nd. Finally, TD Securities lifted their price objective on shares of 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, ten have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has a consensus 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.