Commonwealth Equity Services LLC Decreases Position in Agnico Eagle Mines Limited $AEM

Commonwealth Equity Services LLC decreased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 21.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,054 shares of the mining company’s stock after selling 12,576 shares during the period. Commonwealth Equity Services LLC’s holdings in Agnico Eagle Mines were worth $7,931,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pure Portfolios Holdings LLC raised its stake in shares of Agnico Eagle Mines by 1.6% in the third quarter. Pure Portfolios Holdings LLC now owns 3,781 shares of the mining company’s stock valued at $637,000 after buying an additional 60 shares during the period. Union Bancaire Privee UBP SA raised its stake in Agnico Eagle Mines by 1.6% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 4,446 shares of the mining company’s stock valued at $749,000 after acquiring an additional 72 shares during the period. Evergreen Capital Management LLC lifted its holdings in Agnico Eagle Mines by 0.9% during the second quarter. Evergreen Capital Management LLC now owns 8,232 shares of the mining company’s stock valued at $979,000 after purchasing an additional 77 shares during the last quarter. Brown Advisory Inc. boosted its position in Agnico Eagle Mines by 2.4% during the second quarter. Brown Advisory Inc. now owns 3,378 shares of the mining company’s stock worth $402,000 after purchasing an additional 79 shares during the period. Finally, Royal London Asset Management Ltd. boosted its position in Agnico Eagle Mines by 0.3% during the second quarter. Royal London Asset Management Ltd. now owns 23,837 shares of the mining company’s stock worth $2,835,000 after purchasing an additional 79 shares during the period. 68.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Jefferies Financial Group set a $189.00 price target on shares of Agnico Eagle Mines in a research note on Sunday, December 7th. Weiss Ratings restated a “buy (a-)” rating on shares of Agnico Eagle Mines in a research report on Monday, December 29th. UBS Group lifted their price target on Agnico Eagle Mines from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, December 1st. Citigroup boosted their price objective on Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, TD Securities raised their target price on Agnico Eagle Mines from $154.00 to $195.00 and gave the stock 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 issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $201.60.

Agnico Eagle Mines Trading Up 2.3%

Shares of AEM stock opened at $198.89 on Wednesday. The company has a market capitalization of $99.58 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.63. Agnico Eagle Mines Limited has a 52-week low of $81.96 and a 52-week high of $200.80. The business’s fifty day moving average is $171.90 and its 200 day moving average is $154.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.12.

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. 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 for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the company earned $1.14 EPS. On average, equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

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.