US Bancorp DE Buys 3,697 Shares of Agnico Eagle Mines Limited $AEM

US Bancorp DE increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 53.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,605 shares of the mining company’s stock after acquiring an additional 3,697 shares during the quarter. US Bancorp DE’s holdings in Agnico Eagle Mines were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AEM. TD Asset Management Inc grew its position in shares of Agnico Eagle Mines by 42.8% in the 1st 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 during the last quarter. Canada Pension Plan Investment Board grew its stake in Agnico Eagle Mines by 57.4% in 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 purchasing an additional 854,924 shares during the period. Nuveen LLC purchased a new stake in Agnico Eagle Mines in the first quarter worth $85,926,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Agnico Eagle Mines by 11.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock worth $728,214,000 after purchasing an additional 673,400 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Agnico Eagle Mines by 3.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company’s stock worth $1,457,160,000 after acquiring an additional 499,362 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Up 3.8%

Agnico Eagle Mines stock opened at $185.53 on Friday. The stock has a market cap of $93.29 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46. 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 one year low of $75.17 and a one year high of $187.50. The stock has a fifty day moving average of $152.98 and a 200 day moving average of $130.13.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.Agnico Eagle Mines’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 earnings per share. As a group, sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Bank of America boosted their target price on Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday. National Bankshares reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Raymond James Financial upped their price target on Agnico Eagle Mines from $155.00 to $182.00 and gave the company an “outperform” rating in a report on Friday, October 10th. TD Securities upped their price objective on Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, CIBC upped their price objective on Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Six equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $175.20.

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.