Capital International Investors Purchases 62,938 Shares of Agnico Eagle Mines Limited $AEM

Capital International Investors increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 34.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 247,724 shares of the mining company’s stock after buying an additional 62,938 shares during the quarter. Capital International Investors’ holdings in Agnico Eagle Mines were worth $42,010,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in Agnico Eagle Mines by 11.5% during the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after purchasing an additional 331 shares during the last quarter. AQR Capital Management LLC boosted its position in Agnico Eagle Mines by 36.4% during the first quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company’s stock valued at $2,150,000 after purchasing an additional 5,293 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Agnico Eagle Mines by 57.2% during the second quarter. Sivia Capital Partners LLC now owns 3,188 shares of the mining company’s stock valued at $379,000 after purchasing an additional 1,160 shares during the last quarter. Rhumbline Advisers boosted its position in Agnico Eagle Mines by 8.0% during the second quarter. Rhumbline Advisers now owns 1,810 shares of the mining company’s stock valued at $215,000 after purchasing an additional 134 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Agnico Eagle Mines by 25.2% during the second quarter. EverSource Wealth Advisors LLC now owns 929 shares of the mining company’s stock valued at $110,000 after purchasing an additional 187 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $159.65 on Wednesday. The stock has a market cap of $79.90 billion, a P/E ratio of 15.00, a PEG ratio of 3.57 and a beta of 0.56. The stock has a 50 day simple moving average of $192.71 and a 200 day simple moving average of $194.65. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 1-year low of $114.60 and a 1-year high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.21. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The firm’s revenue for the quarter was up 66.1% compared to the same quarter last year. During the same period last year, the firm posted $1.53 EPS. Research analysts anticipate that Agnico Eagle Mines Limited will post 13.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AEM shares. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. TD increased 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. Erste Group Bank cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Weiss Ratings cut Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Finally, UBS Group cut their price objective on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $236.08.

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.