Agnico Eagle Mines Limited $AEM Shares Sold by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. trimmed its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 49.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 171,140 shares of the mining company’s stock after selling 170,477 shares during the period. Agnico Eagle Mines makes up about 4.3% of TB Alternative Assets Ltd.’s portfolio, making the stock its 11th largest holding. TB Alternative Assets Ltd.’s holdings in Agnico Eagle Mines were worth $28,847,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter worth $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Agnico Eagle Mines during the second quarter worth about $29,000. City State Bank raised its position in Agnico Eagle Mines by 69.2% in 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 in the last quarter. Costello Asset Management INC lifted its holdings in Agnico Eagle Mines by 2,166.7% in the 2nd quarter. Costello Asset Management INC now owns 340 shares of the mining company’s stock valued at $40,000 after acquiring an additional 325 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Agnico Eagle Mines in the 2nd quarter valued at about $41,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Trading Up 1.1%

Agnico Eagle Mines stock opened at $183.32 on Friday. Agnico Eagle Mines Limited has a 52 week low of $76.91 and a 52 week high of $187.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.12. The firm has a market capitalization of $91.98 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 0.67 and a beta of 0.64. The company has a 50 day moving average price of $167.56 and a 200 day moving average price of $149.36.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, beating 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 net margin of 32.62% and a return on equity of 15.64%. During the same period in the previous year, the business earned $1.14 EPS. Research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Agnico Eagle Mines from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, December 1st. TD Securities lifted their price target on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Bank of America upped their price target on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Jefferies Financial Group set a $189.00 price objective on Agnico Eagle Mines in a research note on Sunday, December 7th. Finally, Citigroup boosted their target price on Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Six investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $201.60.

Agnico Eagle Mines Company 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.