Accordant Advisory Group Inc Has $4.53 Million Stake in Agnico Eagle Mines Limited $AEM

Accordant Advisory Group Inc lifted its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,051 shares of the mining company’s stock after purchasing an additional 1,492 shares during the period. Agnico Eagle Mines accounts for about 3.4% of Accordant Advisory Group Inc’s investment portfolio, making the stock its 8th biggest position. Accordant Advisory Group Inc’s holdings in Agnico Eagle Mines were worth $4,525,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Agnico Eagle Mines by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 20,417,906 shares of the mining company’s stock valued at $2,432,603,000 after purchasing an additional 614,437 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Agnico Eagle Mines by 3.6% in the second quarter. TD Asset Management Inc now owns 9,356,548 shares of the mining company’s stock valued at $1,112,500,000 after acquiring an additional 323,252 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of 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 valued at $728,214,000 after acquiring an additional 673,400 shares in the last quarter. Geode Capital Management LLC lifted its stake in Agnico Eagle Mines by 21.1% in the second quarter. Geode Capital Management LLC now owns 4,136,535 shares of the mining company’s stock worth $501,717,000 after acquiring an additional 722,117 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in Agnico Eagle Mines by 57.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock worth $254,029,000 after acquiring an additional 854,924 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AEM has been the subject of several recent research reports. Citigroup boosted their price target on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Bank of America boosted their price objective on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. CIBC increased their target price 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. UBS Group boosted their price target on Agnico Eagle Mines from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Wall Street Zen downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 9th. Five investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus price target of $184.50.

Agnico Eagle Mines Price Performance

NYSE:AEM opened at $167.53 on Thursday. Agnico Eagle Mines Limited has a 1-year low of $76.91 and a 1-year high of $187.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. The company has a 50 day moving average price of $164.29 and a 200-day moving average price of $138.92. The firm has a market cap of $84.04 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 0.70 and a beta of 0.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its 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. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.93 billion. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.97%. During the same period in the prior year, the company posted $1.14 EPS. Equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

About Agnico Eagle Mines

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.