Lmcg Investments LLC Sells 3,986 Shares of Agnico Eagle Mines Limited $AEM

Lmcg Investments LLC lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 185,672 shares of the mining company’s stock after selling 3,986 shares during the quarter. Agnico Eagle Mines comprises 1.8% of Lmcg Investments LLC’s holdings, making the stock its 10th biggest position. Lmcg Investments LLC’s holdings in Agnico Eagle Mines were worth $31,297,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Agnico Eagle Mines by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 20,417,906 shares of the mining company’s stock worth $2,432,603,000 after purchasing an additional 614,437 shares in the last quarter. TD Asset Management Inc increased its stake in Agnico Eagle Mines by 3.6% during the 2nd quarter. TD Asset Management Inc now owns 9,356,548 shares of the mining company’s stock worth $1,112,500,000 after acquiring an additional 323,252 shares during the period. Mackenzie Financial Corp raised its holdings in Agnico Eagle Mines by 1.9% in the 2nd quarter. Mackenzie Financial Corp now owns 8,778,276 shares of the mining company’s stock valued at $1,046,468,000 after acquiring an additional 160,650 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Agnico Eagle Mines by 38.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,296,796 shares of the mining company’s stock valued at $987,398,000 after acquiring an additional 2,319,131 shares during the period. Finally, Norges Bank bought a new position in shares of Agnico Eagle Mines in the second quarter worth $938,644,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 1.4%

NYSE AEM opened at $197.61 on Friday. The company has a market cap of $98.94 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. Agnico Eagle Mines Limited has a twelve month low of $82.86 and a twelve month high of $201.95. The company has a quick ratio of 1.31, a current ratio of 2.12 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average is $174.19 and its 200 day moving average is $155.92.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.40. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.64%. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the firm earned $1.14 earnings per share. As a group, sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AEM shares. Bank of America upped their price objective 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. Zacks Research raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, January 12th. Raymond James Financial restated an “outperform” rating and set a $225.00 price objective on shares of Agnico Eagle Mines in a research report on Wednesday. Finally, UBS Group raised their target price on Agnico Eagle Mines from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, December 1st. Five analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $211.70.

About Agnico Eagle Mines

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.