Agnico Eagle Mines Limited $AEM Shares Acquired by Amundi

Amundi lifted its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,889,644 shares of the mining company’s stock after acquiring an additional 106,447 shares during the period. Amundi owned 0.77% of Agnico Eagle Mines worth $461,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cadinha & Co. LLC grew its stake in Agnico Eagle Mines by 2.8% during the 2nd quarter. Cadinha & Co. LLC now owns 3,211 shares of the mining company’s stock valued at $382,000 after purchasing an additional 86 shares during the last quarter. City State Bank lifted its holdings in shares of 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 purchasing an additional 110 shares during the period. Wedbush Securities Inc. boosted its position in Agnico Eagle Mines by 2.3% in the second quarter. Wedbush Securities Inc. now owns 5,003 shares of the mining company’s stock valued at $595,000 after buying an additional 113 shares during the last quarter. Rhumbline Advisers increased its holdings in Agnico Eagle Mines by 8.0% in the 2nd quarter. Rhumbline Advisers now owns 1,810 shares of the mining company’s stock worth $215,000 after buying an additional 134 shares during the period. Finally, US Bancorp DE raised its stake in shares of Agnico Eagle Mines by 2.0% during the 1st quarter. US Bancorp DE now owns 6,908 shares of the mining company’s stock valued at $749,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AEM shares. Bank of America upped their price target on Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Weiss Ratings restated a “buy (a-)” rating on shares of Agnico Eagle Mines in a research report on Tuesday. Zacks Research cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Raymond James Financial raised their target price on 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, UBS Group boosted their price target on shares of Agnico Eagle Mines from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday. Five 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. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $185.50.

Agnico Eagle Mines Price Performance

NYSE:AEM opened at $168.82 on Friday. Agnico Eagle Mines Limited has a 52 week low of $76.91 and a 52 week high of $187.50. The stock’s fifty day moving average is $166.98 and its two-hundred day moving average is $143.52. The company has a market capitalization of $84.69 billion, a P/E ratio of 24.65, a P/E/G ratio of 0.62 and a beta of 0.64. The company has a quick ratio of 1.31, a current ratio of 2.12 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly 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 business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $1.14 EPS. Equities analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

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.