Klein Pavlis & Peasley Financial Inc. Sells 9,214 Shares of Agnico Eagle Mines Limited $AEM

Klein Pavlis & Peasley Financial Inc. lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 13.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 56,947 shares of the mining company’s stock after selling 9,214 shares during the quarter. Agnico Eagle Mines comprises approximately 5.9% of Klein Pavlis & Peasley Financial Inc.’s portfolio, making the stock its largest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Agnico Eagle Mines were worth $9,599,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV raised its holdings in shares of Agnico Eagle Mines by 19.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 2,506 shares of the mining company’s stock worth $423,000 after buying an additional 401 shares in the last quarter. ASR Vermogensbeheer N.V. grew its position in Agnico Eagle Mines by 1.6% in the third quarter. ASR Vermogensbeheer N.V. now owns 13,146 shares of the mining company’s stock valued at $2,215,000 after acquiring an additional 212 shares during the period. Ritholtz Wealth Management grew its position in Agnico Eagle Mines by 25.6% in the third quarter. Ritholtz Wealth Management now owns 15,777 shares of the mining company’s stock valued at $2,659,000 after acquiring an additional 3,212 shares during the period. Global Trust Asset Management LLC acquired a new position in Agnico Eagle Mines during the third quarter worth $295,000. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in shares of Agnico Eagle Mines by 1,560.8% during the third quarter. Campbell & CO Investment Adviser LLC now owns 48,677 shares of the mining company’s stock valued at $8,205,000 after acquiring an additional 45,746 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Down 1.4%

AEM opened at $197.61 on Friday. Agnico Eagle Mines Limited has a 1-year low of $82.86 and a 1-year high of $201.95. The stock has a market capitalization of $98.94 billion, a PE ratio of 28.85, a PEG ratio of 0.62 and a beta of 0.63. The company has a current ratio of 2.12, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $174.19 and a two-hundred day moving average price of $155.65.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results 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 net margin of 32.62% and a return on equity of 15.64%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. As a group, equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AEM shares. Bank of America increased their target price on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday. Scotiabank reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research note on Thursday, October 23rd. Citigroup boosted their target price on Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday. Finally, UBS Group raised their price target on Agnico Eagle Mines from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, December 1st. Five equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $211.70.

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.