Osaic Holdings Inc. Buys 8,853 Shares of Agnico Eagle Mines Limited $AEM

Osaic Holdings Inc. increased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 17.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,777 shares of the mining company’s stock after purchasing an additional 8,853 shares during the period. Osaic Holdings Inc.’s holdings in Agnico Eagle Mines were worth $7,111,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the second quarter valued at $29,000. City State Bank boosted its holdings in Agnico Eagle Mines by 69.2% in 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. Costello Asset Management INC boosted its holdings in Agnico Eagle Mines by 2,166.7% in the second quarter. Costello Asset Management INC now owns 340 shares of the mining company’s stock valued at $40,000 after acquiring an additional 325 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Agnico Eagle Mines in the second quarter worth about $41,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 3.3%

Agnico Eagle Mines stock opened at $174.21 on Monday. The firm 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 company’s 50 day simple moving average is $167.05 and its 200 day simple moving average is $147.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 1.31. Agnico Eagle Mines Limited has a fifty-two week low of $76.91 and a fifty-two week high of $187.50.

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 for the quarter, topping the consensus estimate 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 net margin of 32.62% and a return on equity of 15.64%. During the same period last year, the business posted $1.14 earnings per share. As a group, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on AEM. Weiss Ratings restated a “buy (a-)” rating on shares of Agnico Eagle Mines in a research report on Monday, December 15th. Bank of America boosted their price target 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. Jefferies Financial Group set a $189.00 price objective on shares of Agnico Eagle Mines in a research note on Sunday, December 7th. CIBC upped their target price on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Finally, TD Securities increased their price target on Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $201.60.

Agnico Eagle Mines Company 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.