Arbejdsmarkedets Tillaegspension bought a new stake in 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 & Exchange Commission. The institutional investor bought 139,878 shares of the mining company’s stock, valued at approximately $23,714,000.
Several other hedge funds and other institutional investors have also made changes to their positions in AEM. MCF Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the third quarter valued at $34,000. Abound Wealth Management raised its stake in shares of Agnico Eagle Mines by 99.0% in the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after acquiring an additional 104 shares during the period. Lodestone Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at $35,000. Caitlin John LLC purchased a new stake in shares of Agnico Eagle Mines in the third quarter valued at $36,000. Finally, Bangor Savings Bank purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on AEM shares. Weiss Ratings downgraded shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, April 29th. Citigroup upped their price target on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. TD upped their price target on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. Finally, UBS Group cut their price target on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $238.18.
Agnico Eagle Mines Stock Down 1.7%
NYSE:AEM opened at $192.66 on Friday. Agnico Eagle Mines Limited has a fifty-two week low of $103.96 and a fifty-two week high of $255.24. The stock has a market capitalization of $96.42 billion, a P/E ratio of 18.11, a P/E/G ratio of 4.29 and a beta of 0.58. 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 company’s 50-day simple moving average is $203.65 and its 200-day simple moving average is $193.17.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last released its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.96 billion. During the same period last year, the business earned $1.53 EPS. The company’s revenue was up 66.1% compared to the same quarter last year. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post 13.09 earnings per share for the current fiscal year.
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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