13,721 Shares in Agnico Eagle Mines Limited $AEM Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,721 shares of the mining company’s stock, valued at approximately $2,348,000.

Several other large investors have also bought and sold shares of AEM. Capital World Investors raised its holdings in Agnico Eagle Mines by 20.0% in 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 during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Agnico Eagle Mines by 566.2% during the third quarter. Lazard Asset Management LLC now owns 888,239 shares of the mining company’s stock valued at $149,593,000 after purchasing an additional 754,919 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Agnico Eagle Mines by 26,635.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 736,835 shares of the mining company’s stock valued at $124,916,000 after purchasing an additional 734,079 shares during the last quarter. Korea Investment CORP raised its holdings in shares of Agnico Eagle Mines by 138.5% during the third quarter. Korea Investment CORP now owns 972,595 shares of the mining company’s stock valued at $163,847,000 after purchasing an additional 564,723 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Agnico Eagle Mines during the third quarter valued at approximately $68,467,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AEM has been the subject of several research reports. TD Securities boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. TD boosted their price objective on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $236.08.

Agnico Eagle Mines Stock Up 1.3%

Shares of AEM stock opened at $178.79 on Wednesday. Agnico Eagle Mines Limited has a 12 month low of $114.60 and a 12 month high of $255.24. The stock has a market cap of $89.48 billion, a P/E ratio of 16.80, a P/E/G ratio of 3.84 and a beta of 0.56. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $194.84 and a two-hundred day simple moving average of $194.63.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the prior year, the company earned $1.53 earnings per share. The firm’s revenue was up 66.1% on a year-over-year basis. On average, research analysts expect that Agnico Eagle Mines Limited will post 13.18 earnings per share for the current year.

About Agnico Eagle Mines

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.