Choreo LLC Reduces Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Choreo LLC lowered its holdings in Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 18.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,508 shares of the mining company’s stock after selling 1,000 shares during the quarter. Choreo LLC’s holdings in Agnico Eagle Mines were worth $269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AEM. Alpine Global Management LLC purchased a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at approximately $263,000. Glenmede Trust Co. NA lifted its stake in shares of Agnico Eagle Mines by 30.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 8,822 shares of the mining company’s stock valued at $401,000 after purchasing an additional 2,063 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Agnico Eagle Mines by 54.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 27,952 shares of the mining company’s stock valued at $1,270,000 after purchasing an additional 9,842 shares during the period. Chelsea Counsel Co. lifted its stake in shares of Agnico Eagle Mines by 50.6% in the 3rd quarter. Chelsea Counsel Co. now owns 36,121 shares of the mining company’s stock valued at $1,642,000 after purchasing an additional 12,135 shares during the period. Finally, Modera Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines in the 3rd quarter valued at approximately $261,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 0.2 %

Agnico Eagle Mines stock opened at $69.94 on Tuesday. The firm has a market cap of $34.99 billion, a price-to-earnings ratio of 73.62, a PEG ratio of 0.77 and a beta of 1.06. The stock has a fifty day simple moving average of $66.74 and a two-hundred day simple moving average of $58.60. Agnico Eagle Mines Limited has a 12 month low of $43.22 and a 12 month high of $71.50. The company has a current ratio of 2.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last issued its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.60 by $0.16. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. Agnico Eagle Mines’s revenue was up 21.2% compared to the same quarter last year. Equities analysts predict that Agnico Eagle Mines Limited will post 3.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AEM has been the subject of a number of research analyst reports. TD Securities raised their target price on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. StockNews.com upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $58.00 to $59.00 and gave the company a “hold” rating in a research note on Thursday, June 20th. Scotiabank lifted their price objective on Agnico Eagle Mines from $71.00 to $81.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 23rd. Finally, Citigroup lifted their price objective on Agnico Eagle Mines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $72.22.

Read Our Latest Report on AEM

Agnico Eagle Mines Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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