Integrated Wealth Concepts LLC Sells 284 Shares of Agnico Eagle Mines Limited $AEM

Integrated Wealth Concepts LLC cut its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,384 shares of the mining company’s stock after selling 284 shares during the period. Integrated Wealth Concepts LLC’s holdings in Agnico Eagle Mines were worth $692,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. TD Asset Management Inc grew its holdings in Agnico Eagle Mines by 42.8% during the first quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company’s stock worth $978,553,000 after buying an additional 2,709,005 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Agnico Eagle Mines by 57.4% during the first quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock worth $254,029,000 after buying an additional 854,924 shares in the last quarter. Nuveen LLC bought a new stake in shares of Agnico Eagle Mines in the 1st quarter worth $85,926,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Agnico Eagle Mines by 11.1% in the 1st 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 in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Agnico Eagle Mines in the 4th quarter worth $46,799,000. 68.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AEM shares. Royal Bank Of Canada upped their price objective on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. TD Securities raised Agnico Eagle Mines to a “strong-buy” rating in a report on Thursday, July 17th. Raymond James Financial raised shares of Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 price objective for the company in a report on Monday, June 30th. Zacks Research downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Five equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $136.90.

Agnico Eagle Mines Price Performance

NYSE:AEM opened at $153.35 on Friday. The firm has a market capitalization of $77.11 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 1.06 and a beta of 0.45. Agnico Eagle Mines Limited has a 52-week low of $75.17 and a 52-week high of $156.18. The stock has a fifty day moving average of $133.30 and a 200 day moving average of $119.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The company’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter last year, the company posted $1.07 EPS. On average, research analysts expect 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.