UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 40,207 Shares of Agnico Eagle Mines Limited $AEM

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 830,200 shares of the mining company’s stock after selling 40,207 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.16% of Agnico Eagle Mines worth $90,002,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DAVENPORT & Co LLC purchased a new position in Agnico Eagle Mines in the 1st quarter worth approximately $226,000. Bank of New York Mellon Corp grew its stake in Agnico Eagle Mines by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 485,317 shares of the mining company’s stock worth $52,613,000 after buying an additional 5,717 shares in the last quarter. Private Trust Co. NA grew its stake in Agnico Eagle Mines by 454.9% in the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock worth $31,000 after buying an additional 232 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines in the 1st quarter valued at $34,000. Finally, Captrust Financial Advisors boosted its stake in shares of Agnico Eagle Mines by 6.5% in the 4th quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company’s stock valued at $443,000 after purchasing an additional 347 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 0.2%

Shares of NYSE AEM opened at $153.35 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $133.30 and a two-hundred day simple moving average of $119.82. The firm has a market capitalization of $77.11 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 1.06 and a beta of 0.45. Agnico Eagle Mines Limited has a 12 month low of $75.17 and a 12 month high of $156.18.

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, topping the consensus estimate of $1.83 by $0.11. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. Agnico Eagle Mines’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period last year, the business earned $1.07 EPS. Equities analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AEM. Lake Street Capital reaffirmed a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Royal Bank Of Canada upped their price objective on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. CIBC reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a research note on Tuesday, July 15th. TD Securities upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Thursday, July 17th. Finally, Raymond James Financial upgraded shares of Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 price target for the company in a report on Monday, June 30th. Five equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus target price of $136.90.

Agnico Eagle Mines Profile

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.