Agnico Eagle Mines Limited $AEM Shares Sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. decreased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 57.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 152,556 shares of the mining company’s stock after selling 204,837 shares during the period. GW Henssler & Associates Ltd.’s holdings in Agnico Eagle Mines were worth $18,144,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AEM. TD Asset Management Inc boosted its stake in Agnico Eagle Mines by 42.8% during the 1st quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company’s stock worth $978,553,000 after purchasing an additional 2,709,005 shares during the period. Canada Pension Plan Investment Board boosted its stake in Agnico Eagle Mines by 57.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock worth $254,029,000 after purchasing an additional 854,924 shares during the period. Nuveen LLC acquired a new stake in Agnico Eagle Mines during the 1st quarter worth $85,926,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Agnico Eagle Mines by 11.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock worth $728,214,000 after purchasing an additional 673,400 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in 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 worth $1,457,160,000 after purchasing an additional 499,362 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 1.6%

Shares of Agnico Eagle Mines stock opened at $164.28 on Friday. The company has a market cap of $82.60 billion, a P/E ratio of 27.94, a PEG ratio of 1.10 and a beta of 0.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03. Agnico Eagle Mines Limited has a one year low of $75.17 and a one year high of $172.21. The firm has a fifty day moving average of $149.57 and a two-hundred day moving average of $128.37.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on AEM. National Bankshares reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. Raymond James Financial increased their price target on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday. TD Securities increased their price target on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Research upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, CIBC upped their price objective on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research report on Friday. Six research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus price target of $162.10.

Agnico Eagle Mines Company 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.