12,534 Shares in Agnico Eagle Mines Limited $AEM Purchased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,534 shares of the mining company’s stock, valued at approximately $1,491,000.

Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Agnico Eagle Mines by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 485,317 shares of the mining company’s stock valued at $52,613,000 after buying an additional 5,717 shares during the period. Private Trust Co. NA raised its position in shares of Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after acquiring an additional 232 shares during the last quarter. Hussman Strategic Advisors Inc. raised its position in shares of Agnico Eagle Mines by 87.5% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 153,000 shares of the mining company’s stock valued at $18,196,000 after acquiring an additional 71,400 shares during the last quarter. Zurich Insurance Group Ltd FI lifted its stake in shares of Agnico Eagle Mines by 32.6% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 509,058 shares of the mining company’s stock valued at $55,214,000 after purchasing an additional 125,223 shares during the period. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Agnico Eagle Mines in the 1st quarter worth $234,000. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AEM shares. Bank of America upped their price objective on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Wall Street Zen upgraded Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. UBS Group increased their price target on shares of Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. CIBC lifted their price objective 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. Finally, Zacks Research downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Buy” and an average target price of $184.50.

Agnico Eagle Mines Trading Up 1.2%

Shares of NYSE:AEM opened at $161.28 on Friday. The firm has a market cap of $81.04 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 0.70 and a beta of 0.45. Agnico Eagle Mines Limited has a 12 month low of $75.17 and a 12 month high of $187.50. The company’s fifty day simple moving average is $161.41 and its 200 day simple moving average is $135.94. 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 announced its earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.40. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.97%. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the business earned $1.14 EPS. As a group, research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

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.