Vanguard Personalized Indexing Management LLC Purchases 2,189 Shares of Agnico Eagle Mines Limited $AEM

Vanguard Personalized Indexing Management LLC lifted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 14.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,550 shares of the mining company’s stock after purchasing an additional 2,189 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Agnico Eagle Mines were worth $2,088,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AEM. Ameritas Advisory Services LLC bought a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Agnico Eagle Mines during the 1st quarter valued at about $26,000. Cary Street Partners Investment Advisory LLC purchased a new position in Agnico Eagle Mines during the 1st quarter valued at about $26,000. Private Trust Co. NA grew its holdings in Agnico Eagle Mines by 454.9% in the first quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock worth $31,000 after purchasing an additional 232 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in Agnico Eagle Mines in the first quarter worth about $34,000. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AEM. Zacks Research upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. UBS Group lifted their price objective on Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday. Lake Street Capital reissued a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Bank of America raised their price target on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a report on Thursday. Finally, Citigroup lifted their price target on Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday. Six research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $175.20.

Agnico Eagle Mines Stock Up 3.8%

Agnico Eagle Mines stock opened at $185.53 on Friday. Agnico Eagle Mines Limited has a 12 month low of $75.17 and a 12 month high of $187.50. The stock has a fifty day simple moving average of $152.98 and a two-hundred day simple moving average of $130.13. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. The firm has a market cap of $93.29 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 1.19 and a beta of 0.46.

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

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.