Chicago Partners Investment Group LLC Makes New Investment in Agnico Eagle Mines Limited $AEM

Chicago Partners Investment Group LLC acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 2,669 shares of the mining company’s stock, valued at approximately $418,000.

A number of other large investors have also modified their holdings of AEM. Pure Portfolios Holdings LLC boosted its stake in Agnico Eagle Mines by 1.6% during the third quarter. Pure Portfolios Holdings LLC now owns 3,781 shares of the mining company’s stock worth $637,000 after buying an additional 60 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of Agnico Eagle Mines by 1.2% during the 3rd quarter. HB Wealth Management LLC now owns 5,640 shares of the mining company’s stock worth $951,000 after acquiring an additional 69 shares during the period. Union Bancaire Privee UBP SA boosted its position in shares of Agnico Eagle Mines by 1.6% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 4,446 shares of the mining company’s stock valued at $749,000 after acquiring an additional 72 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in Agnico Eagle Mines by 59.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after acquiring an additional 74 shares during the period. Finally, Evergreen Capital Management LLC raised its position in Agnico Eagle Mines by 0.9% in the second quarter. Evergreen Capital Management LLC now owns 8,232 shares of the mining company’s stock worth $979,000 after purchasing an additional 77 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Up 0.5%

Shares of NYSE AEM opened at $215.63 on Tuesday. Agnico Eagle Mines Limited has a 1-year low of $87.45 and a 1-year high of $223.44. The company has a 50-day moving average of $179.08 and a two-hundred day moving average of $159.99. The company has a market cap of $107.96 billion, a PE ratio of 31.48, a P/E/G ratio of 0.62 and a beta of 0.63. The company has a current ratio of 2.12, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.76 by $0.40. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.64%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. As a group, equities analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AEM. Citigroup lifted their price objective on Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, January 15th. TD Securities boosted their price target on Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Scotiabank upped their price target on Agnico Eagle Mines from $219.00 to $276.00 and gave the company an “outperform” rating in a research report on Monday. Zacks Research raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Finally, Wall Street Zen raised shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a report on Monday, January 19th. Five research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $217.40.

Agnico Eagle Mines Company 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.