Creative Planning Buys 8,907 Shares of Agnico Eagle Mines Limited $AEM

Creative Planning lifted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 15.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,545 shares of the mining company’s stock after buying an additional 8,907 shares during the quarter. Creative Planning’s holdings in Agnico Eagle Mines were worth $7,795,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC boosted its stake 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 acquiring an additional 331 shares in the last quarter. CWM LLC lifted its stake in Agnico Eagle Mines by 45.7% during the 1st quarter. CWM LLC now owns 7,649 shares of the mining company’s stock valued at $829,000 after acquiring an additional 2,399 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Agnico Eagle Mines in the first quarter valued at approximately $282,000. Private Advisor Group LLC increased its position in shares of Agnico Eagle Mines by 4.4% during the 1st quarter. Private Advisor Group LLC now owns 10,054 shares of the mining company’s stock valued at $1,090,000 after purchasing an additional 428 shares during the last quarter. Finally, HighPoint Advisor Group LLC raised its position in Agnico Eagle Mines by 24.5% in the first quarter. HighPoint Advisor Group LLC now owns 4,002 shares of the mining company’s stock worth $466,000 after acquiring an additional 788 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AEM has been the subject of several recent research reports. TD Securities lifted their price objective on Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Citigroup boosted their target price on Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Scotiabank reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a report on Thursday, October 23rd. Bank of America boosted their target price on Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings upgraded shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, November 14th. Five 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 company. According to data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of $184.50.

Agnico Eagle Mines Trading Up 0.6%

Shares of AEM opened at $167.53 on Thursday. Agnico Eagle Mines Limited has a 1-year low of $76.91 and a 1-year high of $187.50. The firm’s 50-day moving average price is $164.29 and its 200-day moving average price is $138.92. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $84.04 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 0.70 and a beta of 0.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $1.14 EPS. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines 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.