Groupama Asset Managment Has $192.77 Million Holdings in Agnico Eagle Mines Limited $AEM

Groupama Asset Managment lessened its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 25.0% in the fourth quarter, HoldingsChannel reports. The fund owned 1,141,959 shares of the mining company’s stock after selling 380,719 shares during the period. Agnico Eagle Mines accounts for approximately 2.8% of Groupama Asset Managment’s investment portfolio, making the stock its 9th largest holding. Groupama Asset Managment’s holdings in Agnico Eagle Mines were worth $192,773,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Acumen Wealth Advisors LLC bought a new stake in Agnico Eagle Mines during the fourth quarter worth about $26,000. Lodestone Wealth Management LLC acquired a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $35,000. Jessup Wealth Management Inc acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at $35,000. Abound Wealth Management boosted its stake in shares of Agnico Eagle Mines by 99.0% during the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after purchasing an additional 104 shares in the last quarter. Finally, Caitlin John LLC acquired a new stake in Agnico Eagle Mines during the 3rd quarter worth approximately $36,000. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $166.63 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. Agnico Eagle Mines Limited has a 12-month low of $114.60 and a 12-month high of $255.24. The firm has a market cap of $84.58 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 3.80 and a beta of 0.56. The company has a 50-day simple moving average of $187.13 and a two-hundred day simple moving average of $194.57.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.19 by $0.21. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The firm’s revenue for the quarter was up 66.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.53 earnings per share. On average, equities analysts forecast that Agnico Eagle Mines Limited will post 13.2 EPS for the current year.

Analyst Upgrades and Downgrades

AEM has been the topic of a number of recent analyst reports. Wall Street Zen lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. TD raised their price objective on Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. TD Securities increased their price objective on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Finally, UBS Group reduced 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 note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Moderate Buy” and a consensus target price of $236.08.

Agnico Eagle Mines 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.