Clean Yield Group decreased its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 47.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,100 shares of the mining company’s stock after selling 5,500 shares during the quarter. Clean Yield Group’s holdings in Agnico Eagle Mines were worth $486,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Barrett Asset Management LLC purchased a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth approximately $29,000. BDO Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth approximately $34,000. Asset Advisors Investment Management LLC purchased a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth approximately $38,000. Carroll Financial Associates Inc. grew its stake in Agnico Eagle Mines by 24.7% in the 3rd quarter. Carroll Financial Associates Inc. now owns 681 shares of the mining company’s stock valued at $54,000 after buying an additional 135 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in Agnico Eagle Mines in the 2nd quarter valued at approximately $43,000. 59.43% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the stock. Royal Bank of Canada restated a “hold” rating and set a $85.00 price target on shares of Agnico Eagle Mines in a research report on Tuesday, August 11th. Scotiabank upgraded shares of Agnico Eagle Mines from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $65.00 to $72.00 in a research report on Thursday, July 30th. Barclays boosted their price target on shares of Agnico Eagle Mines from $68.00 to $71.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Raymond James boosted their price target on shares of Agnico Eagle Mines from $82.00 to $94.00 and gave the company an “outperform” rating in a research report on Thursday, September 24th. Finally, Zacks Investment Research upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating and set a $93.00 price target for the company in a research report on Tuesday, October 6th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $83.20.
Shares of NYSE:AEM traded down $1.55 during midday trading on Friday, hitting $81.31. 544,373 shares of the stock traded hands, compared to its average volume of 1,814,350. The stock has a market capitalization of $19.74 billion, a PE ratio of 39.86, a P/E/G ratio of 45.55 and a beta of 0.89. The business’s 50 day moving average is $80.81 and its two-hundred day moving average is $68.31. The company has a quick ratio of 1.80, a current ratio of 3.27 and a debt-to-equity ratio of 0.36. Agnico Eagle Mines Limited has a one year low of $31.00 and a one year high of $89.23.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. Agnico Eagle Mines had a net margin of 18.46% and a return on equity of 5.46%. The company had revenue of $557.18 million for the quarter, compared to analysts’ expectations of $545.82 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. Agnico Eagle Mines’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that Agnico Eagle Mines Limited will post 1.82 earnings per share for the current year.
Agnico Eagle Mines Profile
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
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