Agnico Eagle Mines Limited $AEM Shares Sold by Capital Analysts LLC

Capital Analysts LLC decreased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 30.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,878 shares of the mining company’s stock after selling 7,399 shares during the quarter. Capital Analysts LLC’s holdings in Agnico Eagle Mines were worth $2,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new position in Agnico Eagle Mines during the fourth quarter worth approximately $35,000. Abound Wealth Management increased its position in Agnico Eagle Mines by 99.0% during the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock worth $35,000 after purchasing an additional 104 shares during the last quarter. Caitlin John LLC acquired a new position in Agnico Eagle Mines during the third quarter worth approximately $36,000. Bangor Savings Bank acquired a new position in Agnico Eagle Mines during the fourth quarter worth approximately $37,000. Finally, Addison Advisors LLC increased its position in shares of Agnico Eagle Mines by 94.1% in the third quarter. Addison Advisors LLC now owns 229 shares of the mining company’s stock worth $39,000 after acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AEM. Barclays began coverage on shares of Agnico Eagle Mines in a research report on Thursday, May 21st. They issued an “overweight” rating and a $213.00 price objective for the company. Wall Street Zen lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. TD increased their price objective on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Canadian Imperial Bank of Commerce increased their price objective on shares of Agnico Eagle Mines from C$304.00 to C$310.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Finally, Erste Group Bank lowered shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average target price of $236.08.

Agnico Eagle Mines Price Performance

Shares of AEM stock opened at $152.12 on Thursday. The company has a market capitalization of $76.13 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 3.52 and a beta of 0.56. The firm has a fifty day simple moving average of $191.92 and a 200-day simple moving average of $194.60. 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 twelve month low of $114.60 and a twelve month high of $255.24.

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