PKO Investment Management Joint Stock Co Acquires 5,500 Shares of Agnico Eagle Mines Limited $AEM

PKO Investment Management Joint Stock Co boosted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,978 shares of the mining company’s stock after acquiring an additional 5,500 shares during the quarter. Agnico Eagle Mines comprises 2.0% of PKO Investment Management Joint Stock Co’s holdings, making the stock its 10th largest holding. PKO Investment Management Joint Stock Co’s holdings in Agnico Eagle Mines were worth $18,862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in shares of Agnico Eagle Mines during the second quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Agnico Eagle Mines during the 1st quarter worth $26,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Agnico Eagle Mines during the 1st quarter worth about $26,000. Private Trust Co. NA boosted its stake in shares of Agnico Eagle Mines by 454.9% in the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after buying an additional 232 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines during the first quarter worth about $34,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $163.43 on Friday. Agnico Eagle Mines Limited has a 1 year low of $75.17 and a 1 year high of $187.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03. The firm has a market cap of $82.18 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 0.74 and a beta of 0.46. The stock’s 50-day moving average is $157.00 and its two-hundred day moving average is $132.78.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $1.07 earnings per share. The firm’s revenue was up 35.6% compared to the same quarter last year. Analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Analyst Ratings Changes

AEM has been the topic of several analyst reports. Bank of America raised their target price on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Raymond James Financial raised their price objective on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the company an “outperform” rating in a report on Friday, October 10th. TD Securities boosted their target price 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, October 8th. Citigroup raised their price target on Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, CIBC upped their price objective on Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Five equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus price target of $184.50.

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.