Blueshift Asset Management LLC Takes $769,000 Position in Agnico Eagle Mines Limited $AEM

Blueshift Asset Management LLC bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,468 shares of the mining company’s stock, valued at approximately $769,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in Agnico Eagle Mines during the second quarter valued at approximately $25,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Agnico Eagle Mines during the 1st quarter worth approximately $26,000. City State Bank raised its stake in shares of Agnico Eagle Mines by 69.2% during the 2nd quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after purchasing an additional 110 shares in the last quarter. Dagco Inc. acquired a new stake in shares of Agnico Eagle Mines in the 1st quarter valued at approximately $39,000. Finally, Financial Network Wealth Advisors LLC boosted its holdings in shares of Agnico Eagle Mines by 412.5% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 369 shares of the mining company’s stock valued at $40,000 after buying an additional 297 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

AEM has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Wall Street Zen lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Citigroup upped their target price 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. Weiss Ratings reiterated a “buy (a-)” rating on shares of Agnico Eagle Mines in a report on Wednesday, November 26th. Finally, UBS Group boosted their price target on Agnico Eagle Mines from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday. Five equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $185.50.

Agnico Eagle Mines Trading Down 1.3%

Shares of NYSE:AEM opened at $169.70 on Wednesday. Agnico Eagle Mines Limited has a 12-month low of $76.91 and a 12-month high of $187.50. The business has a 50 day moving average of $166.42 and a 200-day moving average of $142.71. The company has a quick ratio of 1.31, a current ratio of 2.12 and a debt-to-equity ratio of 0.01. The stock has a market cap of $85.13 billion, a PE ratio of 24.77, a P/E/G ratio of 0.63 and a beta of 0.64.

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. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.93 billion. Agnico Eagle Mines had a return on equity of 15.64% and a net margin of 32.62%.During the same quarter last year, the company earned $1.14 earnings per share. As a group, equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share 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.