Beck Bode LLC Acquires New Shares in Agnico Eagle Mines Limited $AEM

Beck Bode LLC acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the second quarter, HoldingsChannel.com reports. The firm acquired 3,347 shares of the mining company’s stock, valued at approximately $398,000.

Several other large investors have also recently added to or reduced their stakes in AEM. TD Asset Management Inc boosted its holdings in shares of Agnico Eagle Mines by 3.6% during the second quarter. TD Asset Management Inc now owns 9,356,548 shares of the mining company’s stock valued at $1,112,500,000 after acquiring an additional 323,252 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Agnico Eagle Mines by 11.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock valued at $728,214,000 after purchasing an additional 673,400 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Agnico Eagle Mines by 57.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock valued at $254,029,000 after purchasing an additional 854,924 shares during the period. Dimensional Fund Advisors LP grew its position in Agnico Eagle Mines by 10.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,977,395 shares of the mining company’s stock worth $214,361,000 after purchasing an additional 189,935 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Agnico Eagle Mines by 0.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,317,039 shares of the mining company’s stock valued at $153,556,000 after purchasing an additional 9,323 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 0.1%

Shares of AEM stock opened at $167.78 on Wednesday. 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 business’s fifty day moving average is $162.29 and its 200-day moving average is $136.85. The stock has a market cap of $84.30 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 0.70 and a beta of 0.45.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AEM shares. Bank of America boosted their price objective on Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. CIBC lifted 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. UBS Group boosted their price target on Agnico Eagle Mines from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Raymond James Financial increased 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. Finally, Scotiabank restated an “outperform” rating on shares of Agnico Eagle Mines in a research note on Thursday, October 23rd. Four research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Buy” and an average target price of $184.50.

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.