Corient Private Wealth LLC Grows Position in Agnico Eagle Mines Limited $AEM

Corient Private Wealth LLC grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 20.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,739 shares of the mining company’s stock after buying an additional 5,955 shares during the period. Corient Private Wealth LLC’s holdings in Agnico Eagle Mines were worth $4,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Agnico Eagle Mines in the 2nd quarter valued at about $938,644,000. Arrowstreet Capital Limited Partnership grew its position in shares of Agnico Eagle Mines by 38.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 8,296,796 shares of the mining company’s stock valued at $987,398,000 after purchasing an additional 2,319,131 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Agnico Eagle Mines by 48.3% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,528,022 shares of the mining company’s stock valued at $538,506,000 after purchasing an additional 1,474,385 shares during the last quarter. Invesco Ltd. lifted its position in Agnico Eagle Mines by 53.1% during the second quarter. Invesco Ltd. now owns 4,164,046 shares of the mining company’s stock worth $495,230,000 after buying an additional 1,444,746 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in Agnico Eagle Mines during the second quarter worth $134,059,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Up 3.3%

Shares of NYSE AEM opened at $174.21 on Friday. The stock has a market cap of $87.41 billion, a P/E ratio of 25.43, a PEG ratio of 0.63 and a beta of 0.64. The business’s fifty day simple moving average is $167.05 and its 200-day simple moving average is $147.20. Agnico Eagle Mines Limited has a 12-month low of $76.91 and a 12-month high of $187.50. The company has a current ratio of 2.12, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Jefferies Financial Group set a $189.00 price target on shares of Agnico Eagle Mines in a research report on Sunday, December 7th. Zacks Research upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Scotiabank restated an “outperform” rating on shares of Agnico Eagle Mines in a report on Thursday, October 23rd. Wall Street Zen lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 30th. Finally, Citigroup upped their price objective on Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Six investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Agnico Eagle Mines has an average rating of “Buy” and an average price target of $201.60.

About Agnico Eagle Mines

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.