Intech Investment Management LLC lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 45.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,533 shares of the mining company’s stock after selling 52,990 shares during the quarter. Intech Investment Management LLC’s holdings in Agnico Eagle Mines were worth $10,618,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. MCF Advisors LLC acquired a new position in Agnico Eagle Mines during the 3rd quarter worth approximately $34,000. Lodestone Wealth Management LLC acquired a new position in Agnico Eagle Mines during the 4th quarter worth approximately $35,000. Abound Wealth Management boosted its position in Agnico Eagle Mines by 99.0% during the 4th quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock worth $35,000 after acquiring an additional 104 shares during the last quarter. Caitlin John LLC acquired a new position in Agnico Eagle Mines during the 3rd quarter worth approximately $36,000. Finally, Bangor Savings Bank acquired a new position in Agnico Eagle Mines during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 68.34% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on AEM. TD upped their price target on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Barclays began coverage on Agnico Eagle Mines in a research report on Thursday, May 21st. They set an “overweight” rating and a $213.00 price target for the company. Erste Group Bank downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. UBS Group reduced their price target on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. Finally, Wall Street Zen downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average target price of $236.08.
Agnico Eagle Mines Trading Up 3.1%
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 PEG ratio of 3.88 and a beta of 0.58. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 12 month low of $114.60 and a 12 month high of $255.24. The stock has a 50 day moving average of $195.01 and a 200-day moving average of $194.38.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.19 by $0.21. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The firm’s revenue for the quarter was up 66.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.53 EPS. On average, equities research analysts anticipate that Agnico Eagle Mines Limited will post 13.14 EPS for the current fiscal 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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