Accordant Advisory Group Inc Has $5.21 Million Stock Position in Agnico Eagle Mines Limited $AEM

Accordant Advisory Group Inc decreased its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 18.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,890 shares of the mining company’s stock after selling 7,161 shares during the period. Agnico Eagle Mines makes up about 3.5% of Accordant Advisory Group Inc’s holdings, making the stock its 9th biggest holding. Accordant Advisory Group Inc’s holdings in Agnico Eagle Mines were worth $5,207,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AEM. Ameritas Advisory Services LLC bought a new position in shares of Agnico Eagle Mines during the second quarter valued at about $25,000. True Wealth Design LLC lifted its stake in shares of Agnico Eagle Mines by 381.3% in the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after acquiring an additional 122 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Agnico Eagle Mines during the 2nd quarter valued at about $29,000. City State Bank grew its position in 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 acquiring an additional 110 shares during the last quarter. Finally, Costello Asset Management INC grew 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 acquiring an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AEM. TD Securities boosted their price objective on Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Agnico Eagle Mines in a report on Monday, December 29th. CIBC increased their price target 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. Raymond James Financial boosted their price objective on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a research note on Thursday, October 23rd. 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. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $201.60.

Agnico Eagle Mines Stock Up 0.4%

Shares of Agnico Eagle Mines stock opened at $170.28 on Monday. 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 12-month low of $79.47 and a 12-month high of $187.50. The company has a market cap of $85.44 billion, a P/E ratio of 24.86, a PEG ratio of 0.50 and a beta of 0.63. The company’s fifty day simple moving average is $167.94 and its two-hundred day simple moving average is $151.23.

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, beating analysts’ consensus estimates of $1.76 by $0.40. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.64%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. Research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

About Agnico Eagle Mines

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.