Hussman Strategic Advisors Inc. Has $4.30 Million Stock Holdings in Agnico Eagle Mines Limited $AEM

Hussman Strategic Advisors Inc. cut its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 83.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,500 shares of the mining company’s stock after selling 127,500 shares during the quarter. Agnico Eagle Mines makes up about 0.9% of Hussman Strategic Advisors Inc.’s portfolio, making the stock its 8th largest position. Hussman Strategic Advisors Inc.’s holdings in Agnico Eagle Mines were worth $4,298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Truist Financial Corp boosted its position in shares of Agnico Eagle Mines by 7.7% during the 3rd quarter. Truist Financial Corp now owns 47,835 shares of the mining company’s stock worth $8,063,000 after purchasing an additional 3,422 shares in the last quarter. J. Safra Sarasin Holding AG raised its stake in Agnico Eagle Mines by 88.3% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 33,897 shares of the mining company’s stock worth $5,714,000 after buying an additional 15,897 shares during the period. Red Cedar Investment Management LLC boosted its holdings in Agnico Eagle Mines by 3.7% in the third quarter. Red Cedar Investment Management LLC now owns 32,673 shares of the mining company’s stock worth $5,507,000 after acquiring an additional 1,177 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Agnico Eagle Mines by 7.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 28,830 shares of the mining company’s stock valued at $4,860,000 after acquiring an additional 1,959 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Agnico Eagle Mines by 12.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 19,766 shares of the mining company’s stock valued at $3,332,000 after acquiring an additional 2,216 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Up 0.2%

AEM opened at $215.77 on Wednesday. Agnico Eagle Mines Limited has a fifty-two week low of $88.86 and a fifty-two week high of $223.44. The firm has a market capitalization of $108.03 billion, a P/E ratio of 31.50, a PEG ratio of 0.63 and a beta of 0.63. The company’s 50-day moving average is $180.07 and its 200 day moving average is $160.67. 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 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 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 firm posted $1.14 EPS. Research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. TD Securities increased their target price on Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $185.00 to $205.00 in a research note on Wednesday, December 10th. CIBC boosted their target price on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Raymond James Financial restated an “outperform” rating and issued a $225.00 target price on shares of Agnico Eagle Mines in a report on Wednesday, January 14th. Finally, Weiss Ratings downgraded Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, January 12th. Four investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $217.40.

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.