Agnico Eagle Mines Limited $AEM Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 78.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,563 shares of the mining company’s stock after purchasing an additional 53,866 shares during the quarter. Intech Investment Management LLC’s holdings in Agnico Eagle Mines were worth $14,573,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Asset Management Inc boosted its holdings in Agnico Eagle Mines by 3.6% in the second quarter. TD Asset Management Inc now owns 9,356,548 shares of the mining company’s stock valued at $1,112,500,000 after acquiring an additional 323,252 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Agnico Eagle Mines by 11.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock worth $728,214,000 after acquiring an additional 673,400 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Agnico Eagle Mines by 21.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,136,535 shares of the mining company’s stock worth $501,717,000 after purchasing an additional 722,117 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Agnico Eagle Mines by 57.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock valued at $254,029,000 after purchasing an additional 854,924 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Agnico Eagle Mines by 10.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,977,395 shares of the mining company’s stock worth $214,361,000 after purchasing an additional 189,935 shares during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $168.40 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. The company’s fifty day moving average price is $163.52 and its two-hundred day moving average price is $137.82. The firm has a market capitalization of $84.47 billion, a P/E ratio of 24.58, a P/E/G ratio of 0.70 and a beta of 0.45. Agnico Eagle Mines Limited has a 12 month low of $76.38 and a 12 month high of $187.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.40. Agnico Eagle Mines had a return on equity of 15.97% and a net margin of 32.62%.The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the company earned $1.14 earnings per share. On average, research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Citigroup increased their target price on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Weiss Ratings raised shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday. Zacks Research lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Bank of America upped their price target on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Scotiabank reissued an “outperform” rating on shares of Agnico Eagle Mines in a research report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $184.50.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.