Creative Planning Acquires 8,907 Shares of Agnico Eagle Mines Limited $AEM

Creative Planning grew its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 15.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,545 shares of the mining company’s stock after purchasing an additional 8,907 shares during the period. Creative Planning’s holdings in Agnico Eagle Mines were worth $7,795,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new stake in Agnico Eagle Mines during the second quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Agnico Eagle Mines in the 1st quarter valued at $26,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Agnico Eagle Mines during the 1st quarter valued at $26,000. City State Bank lifted its position in shares of Agnico Eagle Mines by 69.2% during the 2nd quarter. City State Bank now owns 269 shares of the mining company’s stock valued at $32,000 after acquiring an additional 110 shares during the period. Finally, Dagco Inc. acquired a new stake in shares of Agnico Eagle Mines during the 1st quarter worth $39,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEM has been the subject of a number of analyst reports. CIBC boosted their price target on Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 9th. Zacks Research lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Scotiabank restated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Thursday, October 23rd. Finally, UBS Group upped their target price on Agnico Eagle Mines from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Five equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $184.50.

Agnico Eagle Mines Price Performance

AEM stock opened at $167.53 on Thursday. Agnico Eagle Mines Limited has a 1 year low of $76.91 and a 1 year high of $187.50. 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 stock has a market cap of $84.04 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 0.70 and a beta of 0.45. The company has a 50 day simple moving average of $164.29 and a 200 day simple moving average of $138.92.

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

About Agnico Eagle Mines

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.