Agnico Eagle Mines Limited $AEM Shares Bought by AGF Management Ltd.

AGF Management Ltd. grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,285,079 shares of the mining company’s stock after purchasing an additional 34,389 shares during the period. AGF Management Ltd. owned approximately 0.26% of Agnico Eagle Mines worth $153,105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in 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 acquiring an additional 5,717 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Agnico Eagle Mines by 454.9% in the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after purchasing an additional 232 shares in the last quarter. Hussman Strategic Advisors Inc. lifted 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 worth $18,196,000 after purchasing an additional 71,400 shares during the last quarter. Zurich Insurance Group Ltd FI grew its stake in shares of Agnico Eagle Mines by 32.6% during the first quarter. Zurich Insurance Group Ltd FI now owns 509,058 shares of the mining company’s stock worth $55,214,000 after purchasing an additional 125,223 shares in the last quarter. Finally, OneDigital Investment Advisors LLC purchased a new position in Agnico Eagle Mines in the first quarter valued at $234,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Up 1.2%

AEM stock opened at $161.28 on Friday. The company has a market cap of $81.04 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 0.70 and a beta of 0.45. The company has a fifty day moving average price of $161.41 and a 200 day moving average price of $135.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. Agnico Eagle Mines Limited has a 12 month low of $75.17 and a 12 month high of $187.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, beating 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 company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the business posted $1.14 earnings per share. Sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. TD Securities lifted their price target on Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. CIBC raised their target price on Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Scotiabank reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a report on Thursday, October 23rd. Wall Street Zen upgraded shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Finally, UBS Group boosted their price objective on shares of Agnico Eagle Mines from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. 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 company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $184.50.

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.