Stonehage Fleming Financial Services Holdings Ltd Buys New Shares in Agnico Eagle Mines Limited $AEM

Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 344 shares of the mining company’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Agnico Eagle Mines by 1.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company’s stock valued at $618,000 after purchasing an additional 85 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in Agnico Eagle Mines by 31.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company’s stock valued at $40,000 after purchasing an additional 87 shares during the last quarter. Continuum Advisory LLC lifted its stake in Agnico Eagle Mines by 47.0% in the 1st quarter. Continuum Advisory LLC now owns 397 shares of the mining company’s stock valued at $43,000 after purchasing an additional 127 shares during the last quarter. US Bancorp DE lifted its stake in Agnico Eagle Mines by 2.0% in the 1st quarter. US Bancorp DE now owns 6,908 shares of the mining company’s stock valued at $749,000 after purchasing an additional 138 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Agnico Eagle Mines by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,871 shares of the mining company’s stock valued at $223,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AEM. Lake Street Capital reiterated a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Bank of America raised their target price on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. UBS Group raised their target price on shares of 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 upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, National Bankshares restated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. Six research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $162.10.

Agnico Eagle Mines Trading Up 1.6%

Shares of AEM stock opened at $164.28 on Friday. The firm has a 50 day moving average price of $149.57 and a two-hundred day moving average price of $128.37. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $82.60 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 1.10 and a beta of 0.46. Agnico Eagle Mines Limited has a 12-month low of $75.17 and a 12-month high of $172.21.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued 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 firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the business posted $1.07 earnings per share. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

About Agnico Eagle Mines

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.