Allworth Financial LP Boosts Stock Holdings in Agnico Eagle Mines Limited $AEM

Allworth Financial LP grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 9.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,765 shares of the mining company’s stock after buying an additional 333 shares during the period. Allworth Financial LP’s holdings in Agnico Eagle Mines were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Agnico Eagle Mines in the 2nd quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Agnico Eagle Mines during the first quarter worth approximately $26,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Agnico Eagle Mines in the first quarter valued at approximately $26,000. City State Bank boosted its stake in Agnico Eagle Mines by 69.2% during the second quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after buying an additional 110 shares during the period. Finally, Dagco Inc. purchased a new position in Agnico Eagle Mines in the first quarter valued at $39,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 0.3%

AEM opened at $168.40 on Monday. The company’s 50-day moving average price is $163.52 and its two-hundred day moving average price is $137.96. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The stock has a market cap of $84.47 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 0.70 and a beta of 0.45. Agnico Eagle Mines Limited has a twelve month low of $76.38 and a twelve month high of $187.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.40. Agnico Eagle Mines had a return on equity of 15.97% and a net margin of 32.62%.The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. As a group, equities analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AEM. Citigroup lifted their price objective on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. CIBC raised their price target on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. TD Securities boosted their target price on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Scotiabank reiterated an “outperform” rating on shares of Agnico Eagle Mines in a report on Thursday, October 23rd. Finally, Bank of America lifted their price objective on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Five analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and a consensus target price of $184.50.

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.