Jupiter Asset Management Ltd. lessened its stake in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 94.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,566 shares of the mining company’s stock after selling 490,373 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Agnico Eagle Mines were worth $4,681,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in Agnico Eagle Mines by 11.5% during the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock worth $252,000 after buying an additional 331 shares in the last quarter. AQR Capital Management LLC increased its holdings in Agnico Eagle Mines by 36.4% in the first quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company’s stock valued at $2,150,000 after buying an additional 5,293 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Agnico Eagle Mines by 57.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,188 shares of the mining company’s stock valued at $379,000 after acquiring an additional 1,160 shares during the period. Rhumbline Advisers lifted its position in shares of Agnico Eagle Mines by 8.0% during the 2nd quarter. Rhumbline Advisers now owns 1,810 shares of the mining company’s stock valued at $215,000 after acquiring an additional 134 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Agnico Eagle Mines by 25.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 929 shares of the mining company’s stock worth $110,000 after acquiring an additional 187 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on AEM. TD Securities raised their price objective on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. Zacks Research lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Wall Street Zen cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, Scotiabank reiterated an “outperform” rating and issued a $280.00 price objective on shares of Agnico Eagle Mines in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $236.08.
Agnico Eagle Mines Stock Performance
Shares of NYSE AEM opened at $183.56 on Friday. The company has a market cap of $91.87 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 3.99 and a beta of 0.58. Agnico Eagle Mines Limited has a 12 month low of $114.60 and a 12 month high of $255.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18. The company has a 50-day simple moving average of $195.01 and a 200-day simple moving average of $194.38.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the prior year, the firm posted $1.53 earnings per share. The company’s quarterly revenue was up 66.1% compared to the same quarter last year. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post 13.14 earnings per share for the current year.
Agnico Eagle Mines Profile
Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.
Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.
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