Mn Services Vermogensbeheer B.V. Purchases 3,200 Shares of Agnico Eagle Mines Limited $AEM

Mn Services Vermogensbeheer B.V. boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,700 shares of the mining company’s stock after acquiring an additional 3,200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Agnico Eagle Mines were worth $15,180,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AEM. Markowski Investments bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter worth $29,000. Dunhill Financial LLC bought a new position in shares of Agnico Eagle Mines during the second quarter valued at $31,000. Fiduciary Financial Advisors purchased a new stake in shares of Agnico Eagle Mines during the second quarter valued at $32,000. Elevation Wealth Partners LLC purchased a new stake in shares of Agnico Eagle Mines during the third quarter valued at $42,000. Finally, University of Texas Texas AM Investment Management Co. increased its holdings in Agnico Eagle Mines by 64.7% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 229 shares of the mining company’s stock worth $39,000 after buying an additional 90 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AEM. Citigroup decreased their target price on Agnico Eagle Mines from $256.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Barclays reduced their price target on shares of Agnico Eagle Mines from $210.00 to $188.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Scotia lowered their price objective on shares of Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 3rd. Scotiabank dropped their target price on shares of Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. Finally, Wall Street Zen downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $225.62.

Agnico Eagle Mines Stock Performance

AEM opened at $189.20 on Friday. The company has a 50 day simple moving average of $192.86 and a two-hundred day simple moving average of $181.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.02. The firm has a market cap of $95.91 billion, a P/E ratio of 16.18, a PEG ratio of 2.30 and a beta of 0.64. Agnico Eagle Mines Limited has a 1-year low of $134.38 and a 1-year high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.16. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. Agnico Eagle Mines’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.94 EPS. Equities analysts forecast that Agnico Eagle Mines Limited will post 11.46 earnings per share for the current fiscal year.

Agnico Eagle Mines Company 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.