Crescent Grove Advisors LLC Buys 5,036 Shares of Agnico Eagle Mines Limited $AEM

Crescent Grove Advisors LLC increased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 37.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,516 shares of the mining company’s stock after buying an additional 5,036 shares during the period. Crescent Grove Advisors LLC’s holdings in Agnico Eagle Mines were worth $3,758,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEM. Sumitomo Mitsui Trust Group Inc. grew its position in Agnico Eagle Mines by 42.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock valued at $11,088,000 after purchasing an additional 19,647 shares during the last quarter. Gunderson Capital Management Inc. raised its holdings in Agnico Eagle Mines by 187.6% in the fourth quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock worth $8,155,000 after buying an additional 31,378 shares during the last quarter. TB Alternative Assets Ltd. raised its holdings in Agnico Eagle Mines by 34.2% in the fourth quarter. TB Alternative Assets Ltd. now owns 229,630 shares of the mining company’s stock worth $38,929,000 after buying an additional 58,490 shares during the last quarter. J. Safra Sarasin Holding AG lifted its stake in shares of Agnico Eagle Mines by 36.1% in the fourth quarter. J. Safra Sarasin Holding AG now owns 46,141 shares of the mining company’s stock worth $7,822,000 after buying an additional 12,244 shares in the last quarter. Finally, SteelPeak Wealth LLC bought a new position in shares of Agnico Eagle Mines in the fourth quarter worth approximately $2,198,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

AEM opened at $136.89 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. The stock has a market capitalization of $69.48 billion, a P/E ratio of 12.87, a P/E/G ratio of 1.81 and a beta of 0.60. The company’s 50-day simple moving average is $165.41 and its two-hundred day simple moving average is $191.42. Agnico Eagle Mines Limited has a 52-week low of $117.65 and a 52-week high of $255.24.

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. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the firm posted $1.53 EPS. The business’s quarterly revenue was up 66.1% compared to the same quarter last year. As a group, analysts predict that Agnico Eagle Mines Limited will post 12.29 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AEM shares. Scotiabank reduced their price target on shares of Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Zacks Research lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Citigroup reaffirmed a “positive” rating on shares of Agnico Eagle Mines in a research report on Wednesday. TD increased their target price on Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Bank of America reduced their target price on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and an average price target of $233.62.

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.