Agnico Eagle Mines Limited $AEM Stock Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP trimmed its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 57.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,888 shares of the mining company’s stock after selling 6,700 shares during the period. Fulcrum Asset Management LLP’s holdings in Agnico Eagle Mines were worth $900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M Holdings Securities Inc. bought a new stake in Agnico Eagle Mines during the third quarter worth $686,000. Brighton Jones LLC grew its position in shares of Agnico Eagle Mines by 5.0% in the 3rd quarter. Brighton Jones LLC now owns 4,162 shares of the mining company’s stock valued at $763,000 after acquiring an additional 199 shares during the period. Cullinan Associates Inc. bought a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at about $220,000. J. Derek Lewis & Associates Inc. bought a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at about $348,000. Finally, Ethic Inc. increased its stake in shares of Agnico Eagle Mines by 108.4% during the 3rd quarter. Ethic Inc. now owns 5,529 shares of the mining company’s stock worth $1,013,000 after purchasing an additional 2,876 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $178.42 on Friday. Agnico Eagle Mines Limited has a 52 week low of $134.38 and a 52 week high of $255.24. The company has a market capitalization of $90.26 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.83 and a beta of 0.69. The company has a 50-day simple moving average of $188.10 and a 200 day simple moving average of $188.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.90 and a current ratio of 2.75.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, October 28th. The mining company reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.15. The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Agnico Eagle Mines had a return on equity of 21.68% and a net margin of 41.01%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 EPS. On average, sell-side analysts predict that Agnico Eagle Mines Limited will post 11.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AEM shares. Freedom Broker raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a report on Monday, November 2nd. Barclays cut their target price on shares of Agnico Eagle Mines from $218.00 to $215.00 and set an “overweight” rating for the company in a research note on Monday, November 2nd. Raymond James Financial reduced their price target on Agnico Eagle Mines from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Friday, September 4th. RBC Dominion Securities set a $225.00 price target on Agnico Eagle Mines and gave the stock a “sector perform” rating in a research report on Thursday, October 22nd. Finally, Weiss Ratings upgraded Agnico Eagle Mines from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 14th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $227.00.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company engaged in the exploration, development and production of gold, as well as related activities such as mineral processing and mine-site reclamation. The company’s principal product is gold, with silver and other byproducts also recovered from certain operations. Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s largest gold producers. Its operating portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland.