Agnico Eagle Mines Limited $AEM Stock Position Increased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 414,943 shares of the mining company’s stock after buying an additional 6,722 shares during the quarter. Agnico Eagle Mines comprises approximately 1.9% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 7th largest position. Hillsdale Investment Management Inc. owned about 0.08% of Agnico Eagle Mines worth $70,492,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Agnico Eagle Mines by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 20,979,666 shares of the mining company’s stock valued at $3,557,772,000 after buying an additional 309,717 shares during the period. Capital World Investors raised its position in shares of Agnico Eagle Mines by 20.0% during the 3rd quarter. Capital World Investors now owns 20,765,804 shares of the mining company’s stock valued at $3,497,470,000 after buying an additional 3,462,968 shares during the period. TD Asset Management Inc raised its position in shares of Agnico Eagle Mines by 1.5% during the 3rd quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock valued at $1,600,436,000 after buying an additional 143,645 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Agnico Eagle Mines by 3.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,589,745 shares of the mining company’s stock valued at $1,447,494,000 after purchasing an additional 292,949 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Agnico Eagle Mines by 0.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,392,420 shares of the mining company’s stock valued at $1,076,423,000 after purchasing an additional 44,597 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Zacks Research downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Barclays assumed coverage on shares of Agnico Eagle Mines in a report on Thursday, May 21st. They issued an “overweight” rating and a $213.00 target price for the company. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Canadian Imperial Bank of Commerce lifted their target price on shares of Agnico Eagle Mines from C$304.00 to C$310.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, TD Securities lifted their target price on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average price target of $236.08.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $183.56 on Friday. The company has a fifty day simple moving average of $195.01 and a two-hundred day simple moving average of $194.38. The company has a market cap of $91.87 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 3.88 and a beta of 0.58. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 52 week low of $114.60 and a 52 week high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.19 by $0.21. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The company’s quarterly revenue was up 66.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 earnings per share. As a group, equities analysts anticipate that Agnico Eagle Mines Limited will post 13.14 earnings per share for the current fiscal year.

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.