Integrated Quantitative Investments LLC Invests $956,000 in Agnico Eagle Mines Limited $AEM

Integrated Quantitative Investments LLC bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,038 shares of the mining company’s stock, valued at approximately $956,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new position in Agnico Eagle Mines in the second quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Agnico Eagle Mines during the 1st quarter valued at $26,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Agnico Eagle Mines in the 1st quarter worth about $26,000. City State Bank increased its stake in shares of Agnico Eagle Mines by 69.2% in the 2nd quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after acquiring an additional 110 shares in the last quarter. Finally, Dagco Inc. bought a new position in shares of Agnico Eagle Mines in the 1st quarter worth about $39,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AEM has been the topic of several research reports. Citigroup boosted their price objective on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Weiss Ratings upgraded shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday. CIBC boosted their price target 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. Raymond James Financial raised 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. Finally, TD Securities lifted their price objective on Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Buy” and a consensus price target of $184.50.

Agnico Eagle Mines Trading Down 0.3%

Shares of NYSE AEM opened at $168.40 on Friday. The firm’s 50 day moving average price is $163.52 and its 200-day moving average price is $137.82. Agnico Eagle Mines Limited has a 52-week low of $76.38 and a 52-week 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 company has a market cap of $84.47 billion, a PE ratio of 24.58, a P/E/G ratio of 0.70 and a beta of 0.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.40. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.93 billion. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.97%. During the same period in the previous year, the business earned $1.14 EPS. On average, equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS 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.