Yousif Capital Management LLC Raises Holdings in Agnico Eagle Mines Limited $AEM

Yousif Capital Management LLC lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,766 shares of the mining company’s stock after purchasing an additional 490 shares during the period. Yousif Capital Management LLC’s holdings in Agnico Eagle Mines were worth $805,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AEM. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Agnico Eagle Mines by 1.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company’s stock valued at $618,000 after purchasing an additional 85 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in Agnico Eagle Mines by 31.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company’s stock valued at $40,000 after purchasing an additional 87 shares in the last quarter. Continuum Advisory LLC grew its stake in Agnico Eagle Mines by 47.0% in the 1st quarter. Continuum Advisory LLC now owns 397 shares of the mining company’s stock worth $43,000 after acquiring an additional 127 shares during the period. US Bancorp DE grew its stake in Agnico Eagle Mines by 2.0% in the 1st quarter. US Bancorp DE now owns 6,908 shares of the mining company’s stock worth $749,000 after acquiring an additional 138 shares during the period. Finally, Parallel Advisors LLC grew its stake in Agnico Eagle Mines by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,871 shares of the mining company’s stock worth $223,000 after acquiring an additional 142 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Up 0.1%

Shares of AEM opened at $163.30 on Thursday. The firm has a market cap of $82.11 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 0.75 and a beta of 0.46. The company’s fifty day moving average is $155.77 and its two-hundred day moving average is $131.90. Agnico Eagle Mines Limited has a fifty-two week low of $75.17 and a fifty-two week high of $187.50. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. The business had revenue of $2.86 billion for 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%. The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 EPS. Analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on AEM. Citigroup lifted their target price on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. CIBC lifted their target price on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Zacks Research raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “buy (a)” rating on shares of Agnico Eagle Mines in a report on Wednesday, October 8th. Finally, UBS Group lifted their price target on shares of Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Six analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $175.20.

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.