Delos Wealth Advisors LLC Has $4.71 Million Stock Holdings in Agnico Eagle Mines Limited $AEM

Delos Wealth Advisors LLC decreased its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,602 shares of the mining company’s stock after selling 3,129 shares during the quarter. Agnico Eagle Mines makes up 3.7% of Delos Wealth Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Delos Wealth Advisors LLC’s holdings in Agnico Eagle Mines were worth $4,710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AEM. Ameritas Advisory Services LLC bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the second quarter worth approximately $29,000. City State Bank boosted its holdings in Agnico Eagle Mines by 69.2% in the second quarter. City State Bank now owns 269 shares of the mining company’s stock valued at $32,000 after acquiring an additional 110 shares during the last quarter. Costello Asset Management INC increased its position in Agnico Eagle Mines by 2,166.7% during the 2nd quarter. Costello Asset Management INC now owns 340 shares of the mining company’s stock valued at $40,000 after purchasing an additional 325 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in Agnico Eagle Mines during the 2nd quarter worth approximately $41,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AEM. Zacks Research raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 4th. Raymond James Financial boosted their target price on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Wall Street Zen downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 30th. TD Securities lifted their price objective on Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Bank of America boosted their price objective on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Six analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $201.60.

Agnico Eagle Mines Stock Down 1.3%

Shares of NYSE:AEM opened at $168.18 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.12. Agnico Eagle Mines Limited has a 52-week low of $76.91 and a 52-week high of $187.50. The business’s 50 day simple moving average is $166.79 and its two-hundred day simple moving average is $145.50. The firm has a market cap of $84.38 billion, a P/E ratio of 24.55, a PEG ratio of 0.61 and a beta of 0.64.

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

Agnico Eagle Mines Company 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.