Sigma Planning Corp Has $1.70 Million Holdings in Agnico Eagle Mines Limited $AEM

Sigma Planning Corp raised its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 124.5% in the second quarter, Holdings Channel reports. The institutional investor owned 14,325 shares of the mining company’s stock after buying an additional 7,943 shares during the quarter. Sigma Planning Corp’s holdings in Agnico Eagle Mines were worth $1,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Cadinha & Co. LLC lifted its holdings in shares of Agnico Eagle Mines by 2.8% during the second quarter. Cadinha & Co. LLC now owns 3,211 shares of the mining company’s stock worth $382,000 after buying an additional 86 shares during the last quarter. Hexagon Capital Partners LLC increased its position in shares of Agnico Eagle Mines by 31.1% during the first quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company’s stock valued at $40,000 after purchasing an additional 87 shares during the period. City State Bank increased its position in shares of Agnico Eagle Mines by 69.2% during the second quarter. City State Bank now owns 269 shares of the mining company’s stock valued at $32,000 after purchasing an additional 110 shares during the period. US Bancorp DE increased its position in shares of Agnico Eagle Mines by 2.0% during the first quarter. US Bancorp DE now owns 6,908 shares of the mining company’s stock valued at $749,000 after purchasing an additional 138 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of Agnico Eagle Mines by 8.2% during the second quarter. Parallel Advisors LLC now owns 1,871 shares of the mining company’s stock valued at $223,000 after purchasing an additional 142 shares during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM opened at $155.95 on Wednesday. The business’s fifty day moving average price is $160.25 and its two-hundred day moving average price is $135.34. Agnico Eagle Mines Limited has a fifty-two week low of $75.17 and a fifty-two week high of $187.50. The stock has a market capitalization of $78.36 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 0.70 and a beta of 0.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share 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 firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the business posted $1.14 earnings per share. As a group, analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Raymond James Financial boosted their price objective on Agnico Eagle Mines from $155.00 to $182.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Weiss Ratings cut Agnico Eagle Mines from a “buy (a)” rating to a “buy (b+)” rating in a research report on Friday, October 24th. Bank of America boosted their price objective on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. CIBC boosted their price objective on Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Finally, Scotiabank restated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Thursday, October 23rd. Five analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus 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.