40,000 Shares in Agnico Eagle Mines Limited $AEM Bought by Access Investment Management LLC

Access Investment Management LLC purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 40,000 shares of the mining company’s stock, valued at approximately $4,757,000. Agnico Eagle Mines comprises approximately 1.4% of Access Investment Management LLC’s holdings, making the stock its 27th largest position.

Several other large investors also recently modified their holdings of AEM. Brighton Jones LLC boosted its stake in Agnico Eagle Mines by 11.5% during the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock worth $252,000 after acquiring an additional 331 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Agnico Eagle Mines in the first quarter valued at $34,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of 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 valued at $618,000 after purchasing an additional 85 shares during the period. DAVENPORT & Co LLC bought a new position in shares of Agnico Eagle Mines during the 1st quarter worth about $226,000. Finally, Private Trust Co. NA grew 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. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

AEM has been the subject of a number of research reports. Wall Street Zen raised Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Saturday. UBS Group boosted their price target on shares of Agnico Eagle Mines from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. CIBC lifted their target price on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Bank of America lifted their price target on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Weiss Ratings lowered Agnico Eagle Mines from a “buy (a)” rating to a “buy (b+)” rating in a research note on Friday, October 24th. Five equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Agnico Eagle Mines has an average rating of “Buy” and a consensus price target of $184.50.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $160.80 on Monday. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. Agnico Eagle Mines Limited has a 12-month low of $75.17 and a 12-month high of $187.50. The company has a market cap of $80.79 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 0.70 and a beta of 0.46. The stock has a 50-day moving average price of $159.41 and a 200-day moving average price of $134.81.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its 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 return on equity of 15.97% and a net margin of 32.62%.The business 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 firm earned $1.14 earnings per share. As a group, equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share 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.