Safe Harbor Fiduciary LLC Purchases New Shares in Agnico Eagle Mines Limited $AEM

Safe Harbor Fiduciary LLC purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,000 shares of the mining company’s stock, valued at approximately $119,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ameritas Advisory Services LLC purchased a new stake in shares of Agnico Eagle Mines during the second quarter worth about $25,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Agnico Eagle Mines in the 1st quarter worth about $26,000. City State Bank boosted its holdings in 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 buying an additional 110 shares during the last quarter. Dagco Inc. purchased a new stake in Agnico Eagle Mines during the 1st quarter worth approximately $39,000. Finally, Financial Network Wealth Advisors LLC raised its holdings in shares of Agnico Eagle Mines by 412.5% during the first quarter. Financial Network Wealth Advisors LLC now owns 369 shares of the mining company’s stock valued at $40,000 after acquiring an additional 297 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group raised their target price on Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Raymond James Financial increased their price objective on Agnico Eagle Mines from $155.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Citigroup lifted their target price 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. CIBC increased their target price on shares of 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 research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $184.50.

Agnico Eagle Mines Stock Up 4.3%

Shares of AEM opened at $173.07 on Thursday. Agnico Eagle Mines Limited has a 52-week low of $76.91 and a 52-week high of $187.50. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $165.43 and a two-hundred day simple moving average of $140.61. The company has a market capitalization of $86.82 billion, a PE ratio of 25.27, 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 quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. The firm 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 quarter in the prior year, the firm posted $1.14 earnings per share. As a group, equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current 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.