American Century Companies Inc. Boosts Holdings in Agnico Eagle Mines Limited $AEM

American Century Companies Inc. boosted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 13.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 838,027 shares of the mining company’s stock after buying an additional 100,006 shares during the period. American Century Companies Inc. owned approximately 0.17% of Agnico Eagle Mines worth $99,727,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Ameritas Advisory Services LLC purchased a new position in shares of Agnico Eagle Mines during the second quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Agnico Eagle Mines in the first quarter worth approximately $26,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Agnico Eagle Mines in the 1st quarter worth $26,000. City State Bank lifted its position in Agnico Eagle Mines by 69.2% during the second quarter. City State Bank now owns 269 shares of the mining company’s stock valued at $32,000 after acquiring an additional 110 shares during the last quarter. Finally, Dagco Inc. acquired a new stake in shares of Agnico Eagle Mines in the 1st quarter worth $39,000. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AEM. UBS Group increased their price objective on Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 16th. CIBC raised 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. Zacks Research lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Raymond James Financial lifted their target price on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Scotiabank restated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Thursday, October 23rd. Five research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Buy” and an average target price of $184.50.

Agnico Eagle Mines Trading Down 0.2%

Shares of AEM stock opened at $165.88 on Wednesday. Agnico Eagle Mines Limited has a fifty-two week low of $76.91 and a fifty-two week high of $187.50. The company has a 50 day moving average price of $165.03 and a 200 day moving average price of $140.38. The stock has a market capitalization of $83.21 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 0.70 and a beta of 0.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the business posted $1.14 EPS. Equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

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.