Gator Capital Management LLC Purchases Shares of 12,349 Agnico Eagle Mines Limited $AEM

Gator Capital Management LLC purchased a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 12,349 shares of the mining company’s stock, valued at approximately $2,094,000.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Life Insurance Co. raised its holdings in Agnico Eagle Mines by 287.3% in the 4th quarter. Sumitomo Life Insurance Co. now owns 20,166 shares of the mining company’s stock worth $3,420,000 after purchasing an additional 14,959 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in Agnico Eagle Mines by 120.7% in the 4th quarter. Wealthspire Advisors LLC now owns 2,370 shares of the mining company’s stock worth $402,000 after purchasing an additional 1,296 shares in the last quarter. Allianz SE raised its holdings in Agnico Eagle Mines by 0.9% in the 4th quarter. Allianz SE now owns 81,105 shares of the mining company’s stock worth $13,772,000 after purchasing an additional 751 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Agnico Eagle Mines by 6.2% in the 4th quarter. Advisors Asset Management Inc. now owns 17,332 shares of the mining company’s stock worth $2,938,000 after purchasing an additional 1,019 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. raised its holdings in Agnico Eagle Mines by 6.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 105,854 shares of the mining company’s stock worth $17,996,000 after purchasing an additional 6,506 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 3.1%

NYSE:AEM opened at $162.70 on Friday. The firm has a market cap of $81.43 billion, a P/E ratio of 15.29, a P/E/G ratio of 3.46 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. Agnico Eagle Mines Limited has a fifty-two week low of $114.60 and a fifty-two week high of $255.24. The firm has a 50-day simple moving average of $190.08 and a two-hundred day simple moving average of $194.36.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. Agnico Eagle Mines’s revenue was up 66.1% compared to the same quarter last year. During the same period last year, the business earned $1.53 EPS. Analysts predict that Agnico Eagle Mines Limited will post 13.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on AEM shares. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Erste Group Bank lowered shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. UBS Group decreased their price target on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. JPMorgan Chase & Co. increased their price target on shares of Agnico Eagle Mines from $220.00 to $222.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, TD increased their price target on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research note 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. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.08.

Agnico Eagle Mines 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.