Dynamic Technology Lab Private Ltd Acquires 7,850 Shares of Agnico Eagle Mines Limited $AEM

Dynamic Technology Lab Private Ltd raised its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 209.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,590 shares of the mining company’s stock after purchasing an additional 7,850 shares during the period. Agnico Eagle Mines makes up 0.4% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 23rd biggest position. Dynamic Technology Lab Private Ltd’s holdings in Agnico Eagle Mines were worth $1,965,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Abound Wealth Management increased its holdings in Agnico Eagle Mines by 99.0% in the 4th quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after buying an additional 104 shares during the period. Lodestone Wealth Management LLC acquired a new stake in Agnico Eagle Mines in the 4th quarter valued at $35,000. Jessup Wealth Management Inc acquired a new stake in Agnico Eagle Mines in the 4th quarter valued at $35,000. Caitlin John LLC acquired a new stake in Agnico Eagle Mines in the 3rd quarter valued at $36,000. Finally, Bangor Savings Bank acquired a new stake in Agnico Eagle Mines in the 4th quarter valued at $37,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 3.1%

AEM opened at $162.70 on Friday. The firm’s 50-day simple moving average is $190.08 and its 200-day simple moving average is $194.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. Agnico Eagle Mines Limited has a twelve month low of $114.60 and a twelve month high of $255.24. The firm has a market cap of $81.43 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 3.46 and a beta of 0.56.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the prior year, the firm earned $1.53 EPS. The firm’s quarterly revenue was up 66.1% compared to the same quarter last year. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 13.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays assumed coverage on Agnico Eagle Mines in a research note on Thursday, May 21st. They issued an “overweight” rating and a $213.00 price target on the stock. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. TD upped their target price on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and an average price target of $236.08.

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.