3,217 Shares in Agnico Eagle Mines Limited $AEM Bought by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,217 shares of the mining company’s stock, valued at approximately $545,000.

A number of other hedge funds have also bought and sold shares of AEM. Salvus Wealth Management LLC increased its position in shares of Agnico Eagle Mines by 0.9% during the fourth quarter. Salvus Wealth Management LLC now owns 6,301 shares of the mining company’s stock worth $1,068,000 after acquiring an additional 57 shares in the last quarter. Brookwood Investment Group LLC increased its position in shares of Agnico Eagle Mines by 4.5% during the fourth quarter. Brookwood Investment Group LLC now owns 1,361 shares of the mining company’s stock worth $231,000 after acquiring an additional 58 shares in the last quarter. Baron Wealth Management LLC increased its position in shares of Agnico Eagle Mines by 3.2% during the fourth quarter. Baron Wealth Management LLC now owns 1,879 shares of the mining company’s stock worth $319,000 after acquiring an additional 59 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Agnico Eagle Mines by 1.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,266 shares of the mining company’s stock worth $893,000 after acquiring an additional 59 shares in the last quarter. Finally, Baker Ellis Asset Management LLC increased its position in shares of Agnico Eagle Mines by 0.8% during the fourth quarter. Baker Ellis Asset Management LLC now owns 7,550 shares of the mining company’s stock worth $1,280,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AEM shares. TD boosted their target price on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Saturday. Barclays started coverage on shares of Agnico Eagle Mines in a research report on Thursday, May 21st. They set an “overweight” rating and a $213.00 target price for the company. Canadian Imperial Bank of Commerce boosted their target price on shares of Agnico Eagle Mines from C$304.00 to C$310.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Finally, UBS Group decreased their target price on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $236.08.

Agnico Eagle Mines Stock Performance

AEM stock opened at $162.70 on Friday. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. The firm has a market cap of $81.43 billion, a PE ratio of 15.29, a P/E/G ratio of 3.46 and a beta of 0.56. The business has a 50 day moving average of $190.08 and a 200-day moving average of $194.36. Agnico Eagle Mines Limited has a 12-month low of $114.60 and a 12-month high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the company posted $1.53 earnings per share. Agnico Eagle Mines’s quarterly revenue was up 66.1% compared to the same quarter last year. As a group, sell-side analysts expect that Agnico Eagle Mines Limited will post 13.2 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.