Crescent Grove Advisors LLC Grows Position in Agnico Eagle Mines Limited $AEM

Crescent Grove Advisors LLC raised its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 150.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,480 shares of the mining company’s stock after buying an additional 8,090 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Agnico Eagle Mines were worth $2,285,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. TD Asset Management Inc grew its holdings in shares of Agnico Eagle Mines by 1.7% during the fourth quarter. TD Asset Management Inc now owns 9,665,456 shares of the mining company’s stock worth $1,641,239,000 after buying an additional 165,263 shares in the last quarter. Intellectus Partners LLC purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at about $215,000. Sivia Capital Partners LLC increased its position in Agnico Eagle Mines by 41.3% during the fourth quarter. Sivia Capital Partners LLC now owns 4,340 shares of the mining company’s stock worth $736,000 after purchasing an additional 1,269 shares during the last quarter. Avestar Capital LLC increased its position in Agnico Eagle Mines by 19.8% during the fourth quarter. Avestar Capital LLC now owns 4,064 shares of the mining company’s stock worth $689,000 after purchasing an additional 673 shares during the last quarter. Finally, Phillips Wealth Planners LLC purchased a new position in Agnico Eagle Mines during the fourth quarter worth about $267,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AEM. Zacks Research lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. 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. Barclays began coverage on shares of Agnico Eagle Mines in a report on Thursday, May 21st. They issued an “overweight” rating and a $213.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, UBS Group decreased their target price on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average target price of $236.08.

Agnico Eagle Mines Trading Down 4.1%

Shares of AEM stock opened at $171.60 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18. The firm has a market cap of $85.88 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 3.94 and a beta of 0.56. The company has a 50-day moving average of $194.59 and a two-hundred day moving average of $194.69. Agnico Eagle Mines Limited has a 1-year low of $114.60 and a 1-year high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.21. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 earnings per share. On average, analysts predict that Agnico Eagle Mines Limited will post 13.18 EPS for the current year.

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.