Agnico Eagle Mines Limited $AEM Shares Purchased by 1832 Asset Management L.P.

1832 Asset Management L.P. raised its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 38.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,268,575 shares of the mining company’s stock after acquiring an additional 350,446 shares during the period. 1832 Asset Management L.P.’s holdings in Agnico Eagle Mines were worth $150,872,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AEM. Ameritas Advisory Services LLC bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC bought a new stake in Agnico Eagle Mines in the first quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in Agnico Eagle Mines in the second quarter valued at $29,000. City State Bank grew its position in shares of Agnico Eagle Mines by 69.2% during the second quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after acquiring an additional 110 shares during the last quarter. Finally, Dagco Inc. acquired a new stake in shares of Agnico Eagle Mines in the 1st quarter worth about $39,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Down 1.3%

Shares of Agnico Eagle Mines stock opened at $169.70 on Wednesday. The stock’s fifty day moving average is $166.42 and its 200-day moving average is $142.71. 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 firm has a market capitalization of $85.13 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 0.63 and a beta of 0.64. Agnico Eagle Mines Limited has a 12-month low of $76.91 and a 12-month high of $187.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, topping 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 company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period last year, the company posted $1.14 earnings per share. Equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup upped their target price on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Weiss Ratings restated a “buy (a-)” rating on shares of Agnico Eagle Mines in a research report on Wednesday, November 26th. Wall Street Zen lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Sunday. TD Securities raised their price target on Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Buy” and an average price target of $185.50.

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.