Prospera Financial Services Inc Boosts Position in Agnico Eagle Mines Limited $AEM

Prospera Financial Services Inc grew its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 87.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,780 shares of the mining company’s stock after buying an additional 3,167 shares during the period. Prospera Financial Services Inc’s holdings in Agnico Eagle Mines were worth $1,150,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MCF Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the third quarter valued at approximately $34,000. Abound Wealth Management increased its stake in shares of Agnico Eagle Mines by 99.0% during the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after buying an additional 104 shares during the period. Lodestone Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $35,000. Caitlin John LLC purchased a new position in shares of Agnico Eagle Mines during the third quarter valued at approximately $36,000. Finally, Bangor Savings Bank purchased a new position in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $37,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AEM has been the topic of several research reports. UBS Group dropped their price target on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Erste Group Bank lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Finally, TD lifted their price target on Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average price target of $236.08.

Agnico Eagle Mines Trading Up 1.9%

Agnico Eagle Mines stock opened at $178.22 on Friday. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $195.25 and its two-hundred day simple moving average is $194.45. Agnico Eagle Mines Limited has a 12 month low of $114.60 and a 12 month high of $255.24. The company has a market capitalization of $89.20 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 3.81 and a beta of 0.58.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The company’s quarterly revenue was up 66.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 earnings per share. As a group, equities analysts predict that Agnico Eagle Mines Limited will post 13.14 earnings per share for the current fiscal year.

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.