Profund Advisors LLC Has $8.75 Million Stock Position in Agnico Eagle Mines Limited $AEM

Profund Advisors LLC reduced its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 16.8% in the 4th quarter, HoldingsChannel reports. The firm owned 51,622 shares of the mining company’s stock after selling 10,408 shares during the period. Profund Advisors LLC’s holdings in Agnico Eagle Mines were worth $8,751,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Capital World Investors increased its holdings in shares of Agnico Eagle Mines by 20.0% during the third quarter. Capital World Investors now owns 20,765,804 shares of the mining company’s stock worth $3,497,470,000 after buying an additional 3,462,968 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Agnico Eagle Mines by 566.2% in the 3rd quarter. Lazard Asset Management LLC now owns 888,239 shares of the mining company’s stock worth $149,593,000 after acquiring an additional 754,919 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Agnico Eagle Mines by 26,635.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 736,835 shares of the mining company’s stock worth $124,916,000 after acquiring an additional 734,079 shares in the last quarter. Korea Investment CORP grew its position in Agnico Eagle Mines by 138.5% during the 3rd quarter. Korea Investment CORP now owns 972,595 shares of the mining company’s stock worth $163,847,000 after acquiring an additional 564,723 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Agnico Eagle Mines during the 3rd quarter worth approximately $68,467,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

AEM stock opened at $179.14 on Tuesday. The company has a 50 day moving average price of $201.77 and a 200 day moving average price of $193.50. Agnico Eagle Mines Limited has a fifty-two week low of $107.18 and a fifty-two week high of $255.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18. The stock has a market capitalization of $89.66 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 3.93 and a beta of 0.58.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The business’s quarterly revenue was up 66.1% compared to the same quarter last year. During the same period last year, the company earned $1.53 EPS. Analysts forecast that Agnico Eagle Mines Limited will post 13.14 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AEM. JPMorgan Chase & Co. lifted their price objective on Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. TD increased their target price on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Weiss Ratings lowered Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. TD Securities lifted their price target on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Finally, Erste Group Bank downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $238.18.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.