WINTON GROUP Ltd bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,000 shares of the mining company’s stock, valued at approximately $848,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AEM. Abound Wealth Management raised its stake in Agnico Eagle Mines by 99.0% during the 4th quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after purchasing an additional 104 shares during the period. Lodestone Wealth Management LLC bought a new stake in Agnico Eagle Mines during the 4th quarter valued at approximately $35,000. Caitlin John LLC bought a new stake in Agnico Eagle Mines during the 3rd quarter valued at approximately $36,000. Bangor Savings Bank bought a new stake in Agnico Eagle Mines during the 4th quarter valued at approximately $37,000. Finally, Addison Advisors LLC raised its stake in Agnico Eagle Mines by 94.1% during the 3rd quarter. Addison Advisors LLC now owns 229 shares of the mining company’s stock valued at $39,000 after purchasing an additional 111 shares during the period. Institutional investors own 68.34% of the company’s stock.
Agnico Eagle Mines Stock Performance
NYSE AEM opened at $159.65 on Wednesday. The company has a market cap of $79.90 billion, a P/E ratio of 15.00, a P/E/G ratio of 3.57 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. The business’s 50 day moving average price is $192.71 and its 200-day moving average price is $194.65. Agnico Eagle Mines Limited has a fifty-two week low of $114.60 and a fifty-two week high of $255.24.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on AEM. Scotiabank reissued an “outperform” rating and set a $280.00 target price on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. Barclays began coverage on Agnico Eagle Mines in a research note on Thursday, May 21st. They issued an “overweight” rating and a $213.00 price objective on the stock. Canadian Imperial Bank of Commerce lifted their price objective on Agnico Eagle Mines from C$304.00 to C$310.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Erste Group Bank downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, UBS Group reduced their price objective on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.08.
Check Out Our Latest Analysis on AEM
Agnico Eagle Mines Company 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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