Agnico Eagle Mines Limited $AEM Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC increased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 20.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,739 shares of the mining company’s stock after acquiring an additional 5,955 shares during the period. Corient Private Wealth LLC’s holdings in Agnico Eagle Mines were worth $4,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in shares of Agnico Eagle Mines in the second quarter worth about $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Agnico Eagle Mines in the second quarter valued at approximately $29,000. City State Bank increased its holdings in Agnico Eagle Mines by 69.2% in the 2nd 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. Costello Asset Management INC raised its position in Agnico Eagle Mines by 2,166.7% during the 2nd quarter. Costello Asset Management INC now owns 340 shares of the mining company’s stock worth $40,000 after buying an additional 325 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Agnico Eagle Mines during the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Jefferies Financial Group set a $189.00 price objective on shares of Agnico Eagle Mines in a research note on Sunday, December 7th. UBS Group upped their price target on shares of Agnico Eagle Mines from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, December 1st. Zacks Research raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Royal Bank Of Canada downgraded Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from $185.00 to $205.00 in a research note on Wednesday, December 10th. Finally, CIBC lifted their price target 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. Six research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $201.60.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $174.21 on Friday. The stock has a market capitalization of $87.41 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 0.63 and a beta of 0.64. The stock has a 50-day moving average of $167.05 and a 200 day moving average of $147.20. The company has a current ratio of 2.12, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a twelve month low of $76.91 and a twelve month high of $187.50.

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 the consensus estimate of $1.76 by $0.40. Agnico Eagle Mines had a return on equity of 15.64% and a net margin of 32.62%.The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the company posted $1.14 EPS. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.