Parallel Advisors LLC Has $223,000 Holdings in Agnico Eagle Mines Limited $AEM

Parallel Advisors LLC increased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,871 shares of the mining company’s stock after buying an additional 142 shares during the quarter. Parallel Advisors LLC’s holdings in Agnico Eagle Mines were worth $223,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC bought a new stake in Agnico Eagle Mines in the 1st quarter valued at $226,000. Bank of New York Mellon Corp grew its holdings in shares of Agnico Eagle Mines by 1.2% during 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 purchasing an additional 5,717 shares in the last quarter. Private Trust Co. NA boosted its stake in Agnico Eagle Mines by 454.9% in the first quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after buying an additional 232 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Agnico Eagle Mines in the first quarter valued at about $34,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in Agnico Eagle Mines in the first quarter valued at about $234,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $161.29 on Monday. 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 Limited has a 52-week low of $75.17 and a 52-week high of $162.53. The firm has a market cap of $81.10 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 1.08 and a beta of 0.44. The business’s fifty day moving average is $136.93 and its 200 day moving average is $122.02.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data 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. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the company posted $1.07 EPS. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. Research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on AEM. Raymond James Financial raised Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 price target on the stock in a research note on Monday, June 30th. Royal Bank Of Canada lifted their target price on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. UBS Group lifted their target price on Agnico Eagle Mines from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday. Zacks Research downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Finally, CIBC restated an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday, July 15th. Five research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $141.40.

Agnico Eagle Mines Company 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.