Agnico Eagle Mines Limited $AEM is Hussman Strategic Advisors Inc.’s 8th Largest Position

Hussman Strategic Advisors Inc. trimmed its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 83.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,500 shares of the mining company’s stock after selling 127,500 shares during the period. Agnico Eagle Mines comprises approximately 0.9% of Hussman Strategic Advisors Inc.’s investment portfolio, making the stock its 8th largest holding. Hussman Strategic Advisors Inc.’s holdings in Agnico Eagle Mines were worth $4,298,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Truist Financial Corp increased its holdings in Agnico Eagle Mines by 7.7% during the third quarter. Truist Financial Corp now owns 47,835 shares of the mining company’s stock worth $8,063,000 after buying an additional 3,422 shares during the last quarter. J. Safra Sarasin Holding AG grew its position in shares of Agnico Eagle Mines by 88.3% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 33,897 shares of the mining company’s stock valued at $5,714,000 after acquiring an additional 15,897 shares during the period. Red Cedar Investment Management LLC increased its stake in shares of Agnico Eagle Mines by 3.7% during the 3rd quarter. Red Cedar Investment Management LLC now owns 32,673 shares of the mining company’s stock worth $5,507,000 after purchasing an additional 1,177 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Agnico Eagle Mines by 7.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 28,830 shares of the mining company’s stock worth $4,860,000 after purchasing an additional 1,959 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Agnico Eagle Mines by 12.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 19,766 shares of the mining company’s stock valued at $3,332,000 after purchasing an additional 2,216 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 0.2%

Shares of NYSE AEM opened at $215.77 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 2.12 and a debt-to-equity ratio of 0.01. The company has a market cap of $108.03 billion, a P/E ratio of 31.50, a P/E/G ratio of 0.63 and a beta of 0.63. Agnico Eagle Mines Limited has a 52 week low of $88.86 and a 52 week high of $223.44. The business has a 50-day simple moving average of $180.07 and a two-hundred day simple moving average of $160.67.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the firm posted $1.14 earnings per share. Research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AEM has been the subject of a number of recent research reports. CIBC raised their target price on Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. TD Securities lifted their price objective on Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Jefferies Financial Group set a $189.00 price objective on shares of Agnico Eagle Mines in a report on Sunday, December 7th. UBS Group increased their target price on shares of Agnico Eagle Mines from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, December 1st. Finally, Wall Street Zen raised shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 19th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $217.40.

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.