Ritholtz Wealth Management Acquires 4,503 Shares of Agnico Eagle Mines Limited $AEM

Ritholtz Wealth Management increased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 55.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,565 shares of the mining company’s stock after acquiring an additional 4,503 shares during the quarter. Ritholtz Wealth Management’s holdings in Agnico Eagle Mines were worth $1,494,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Agnico Eagle Mines by 1.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company’s stock worth $618,000 after acquiring an additional 85 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Agnico Eagle Mines by 31.1% during the first quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company’s stock worth $40,000 after acquiring an additional 87 shares during the period. Continuum Advisory LLC lifted its holdings in Agnico Eagle Mines by 47.0% during the first quarter. Continuum Advisory LLC now owns 397 shares of the mining company’s stock worth $43,000 after acquiring an additional 127 shares during the period. US Bancorp DE lifted its holdings in Agnico Eagle Mines by 2.0% during the first quarter. US Bancorp DE now owns 6,908 shares of the mining company’s stock worth $749,000 after acquiring an additional 138 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in Agnico Eagle Mines by 8.2% during the second quarter. Parallel Advisors LLC now owns 1,871 shares of the mining company’s stock worth $223,000 after acquiring an additional 142 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $174.68 on Friday. 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 52-week low of $75.17 and a 52-week high of $187.50. The firm has a market cap of $87.83 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 1.23 and a beta of 0.46. The business’s fifty day moving average is $153.76 and its 200 day moving average is $130.59.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data 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 company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the company posted $1.07 EPS. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. Research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. CIBC boosted their target price on Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Bank of America boosted their target price on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup boosted their target price on Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a research note on Wednesday. Lake Street Capital restated a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Finally, National Bankshares restated an “outperform” rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. Six analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus target price of $175.20.

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.