Annex Advisory Services LLC grew its stake in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 70.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,007 shares of the mining company’s stock after purchasing an additional 11,995 shares during the quarter. Annex Advisory Services LLC’s holdings in Agnico Eagle Mines were worth $4,500,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of AEM. Brighton Jones LLC lifted its stake in Agnico Eagle Mines by 11.5% in the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after buying an additional 331 shares in the last quarter. AQR Capital Management LLC increased its stake in Agnico Eagle Mines by 36.4% during the 1st quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company’s stock worth $2,150,000 after buying an additional 5,293 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Agnico Eagle Mines by 57.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,188 shares of the mining company’s stock worth $379,000 after buying an additional 1,160 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Agnico Eagle Mines by 8.0% during the second quarter. Rhumbline Advisers now owns 1,810 shares of the mining company’s stock valued at $215,000 after acquiring an additional 134 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Agnico Eagle Mines by 25.2% during the second quarter. EverSource Wealth Advisors LLC now owns 929 shares of the mining company’s stock valued at $110,000 after acquiring an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.
Agnico Eagle Mines Stock Up 0.9%
AEM stock opened at $182.03 on Wednesday. Agnico Eagle Mines Limited has a one year low of $130.04 and a one year high of $255.24. The firm has a market cap of $92.25 billion, a PE ratio of 15.57, a PEG ratio of 2.22 and a beta of 0.60. The firm’s 50 day moving average price is $155.86 and its 200-day moving average price is $187.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.02 and a current ratio of 2.86.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Scotiabank lowered their price target on Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Canadian Imperial Bank of Commerce set a $285.00 price objective on Agnico Eagle Mines in a research note on Thursday, July 16th. Weiss Ratings lowered Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research note on Monday, May 4th. Finally, UBS Group reduced their target price on shares of Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.00.
Read Our Latest Stock Report on AEM
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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