Meixler Investment Management Ltd. Sells 1,926 Shares of Agnico Eagle Mines Limited $AEM

Meixler Investment Management Ltd. cut its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 18.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,647 shares of the mining company’s stock after selling 1,926 shares during the period. Meixler Investment Management Ltd.’s holdings in Agnico Eagle Mines were worth $1,028,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its holdings in Agnico Eagle Mines by 11.5% in the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after acquiring an additional 331 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines in the 1st quarter worth about $34,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Agnico Eagle Mines by 1.5% during 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 in the last quarter. DAVENPORT & Co LLC purchased a new position in shares of Agnico Eagle Mines during the first quarter valued at about $226,000. Finally, Private Trust Co. NA raised its stake 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 buying an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

AEM has been the topic of a number of research analyst reports. CIBC upped their target price on Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Raymond James Financial upped their price target on Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Weiss Ratings lowered Agnico Eagle Mines from a “buy (a)” rating to a “buy (b+)” rating in a research report on Friday, October 24th. Bank of America upped their target price on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Zacks Research raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Five research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $184.50.

Agnico Eagle Mines Stock Down 1.1%

NYSE:AEM opened at $160.80 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. The firm has a market cap of $80.79 billion, a P/E ratio of 23.47, a P/E/G ratio of 0.70 and a beta of 0.46. Agnico Eagle Mines Limited has a fifty-two week low of $75.17 and a fifty-two week high of $187.50. The firm has a 50-day simple moving average of $159.41 and a two-hundred day simple moving average of $134.72.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.97%. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. Analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal 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.