Nelson Capital Management LLC Acquires 450 Shares of Agnico Eagle Mines Limited $AEM

Nelson Capital Management LLC boosted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,346 shares of the mining company’s stock after acquiring an additional 450 shares during the quarter. Agnico Eagle Mines makes up approximately 0.9% of Nelson Capital Management LLC’s portfolio, making the stock its 23rd largest holding. Nelson Capital Management LLC’s holdings in Agnico Eagle Mines were worth $6,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Massachusetts Financial Services Co. MA raised its holdings in shares of Agnico Eagle Mines by 3.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company’s stock valued at $1,457,160,000 after purchasing an additional 499,362 shares in the last quarter. TD Asset Management Inc raised its holdings in Agnico Eagle Mines by 42.8% during the first quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company’s stock valued at $978,553,000 after buying an additional 2,709,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Agnico Eagle Mines by 11.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock valued at $728,214,000 after buying an additional 673,400 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Agnico Eagle Mines by 57.4% during the first quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock valued at $254,029,000 after buying an additional 854,924 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Agnico Eagle Mines by 10.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,977,395 shares of the mining company’s stock valued at $214,361,000 after acquiring an additional 189,935 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 2.4%

Shares of AEM stock opened at $166.32 on Wednesday. Agnico Eagle Mines Limited has a 1 year low of $75.17 and a 1 year high of $172.21. The firm’s fifty day simple moving average is $147.11 and its 200 day simple moving average is $127.11. The firm has a market capitalization of $83.63 billion, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 1.14 and a beta of 0.46. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The business’s revenue was up 35.6% compared to the same quarter last year. As a group, sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analyst Upgrades and Downgrades

AEM has been the topic of a number of recent analyst reports. UBS Group raised their price objective on Agnico Eagle Mines from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Zacks Research raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. TD Securities raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Thursday, July 17th. Weiss Ratings reiterated a “buy (a)” rating on shares of Agnico Eagle Mines in a report on Saturday, September 27th. Finally, Lake Street Capital reiterated a “buy” rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Seven research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average price target of $141.40.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.