Arkadios Wealth Advisors Buys Shares of 4,317 Agnico Eagle Mines Limited $AEM

Arkadios Wealth Advisors purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,317 shares of the mining company’s stock, valued at approximately $728,000.

Several other hedge funds also recently modified their holdings of the business. Pure Portfolios Holdings LLC lifted 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. HB Wealth Management LLC boosted its holdings in shares of Agnico Eagle Mines by 1.2% in the 3rd quarter. HB Wealth Management LLC now owns 5,640 shares of the mining company’s stock worth $951,000 after acquiring an additional 69 shares in the last quarter. Union Bancaire Privee UBP SA boosted its stake in Agnico Eagle Mines by 1.6% in the third quarter. Union Bancaire Privee UBP SA now owns 4,446 shares of the mining company’s stock worth $749,000 after purchasing an additional 72 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in Agnico Eagle Mines by 59.7% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock worth $33,000 after acquiring an additional 74 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its stake in shares of 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. 68.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 19th. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, January 12th. CIBC boosted their price objective 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. Zacks Research upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Finally, UBS Group raised their price target on shares of Agnico Eagle Mines from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, December 1st. Five equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $211.70.

Agnico Eagle Mines Trading Up 0.4%

AEM stock opened at $214.52 on Monday. Agnico Eagle Mines Limited has a one year low of $87.45 and a one year high of $215.95. The stock has a market cap of $107.40 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 0.62 and a beta of 0.63. The company has a fifty day moving average price of $178.06 and a two-hundred day moving average price of $159.30. 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 (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.40. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate 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. Equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current 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.