Mediolanum International Funds Ltd Raises Stake in Agnico Eagle Mines Limited $AEM

Mediolanum International Funds Ltd lifted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 15.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 219,357 shares of the mining company’s stock after acquiring an additional 29,396 shares during the period. Mediolanum International Funds Ltd’s holdings in Agnico Eagle Mines were worth $36,595,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Agnico Eagle Mines during the second quarter worth about $938,644,000. Arrowstreet Capital Limited Partnership raised its position in shares of Agnico Eagle Mines by 38.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,296,796 shares of the mining company’s stock valued at $987,398,000 after buying an additional 2,319,131 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Agnico Eagle Mines by 48.3% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,528,022 shares of the mining company’s stock valued at $538,506,000 after acquiring an additional 1,474,385 shares during the last quarter. Invesco Ltd. lifted its holdings in Agnico Eagle Mines by 53.1% in the second quarter. Invesco Ltd. now owns 4,164,046 shares of the mining company’s stock valued at $495,230,000 after acquiring an additional 1,444,746 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in Agnico Eagle Mines in the second quarter worth approximately $134,059,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Key Agnico Eagle Mines News

Here are the key news stories impacting Agnico Eagle Mines this week:

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $190.46 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 1.31. The company has a market cap of $95.36 billion, a P/E ratio of 27.80, a P/E/G ratio of 0.59 and a beta of 0.63. The stock has a 50-day moving average of $182.93 and a two-hundred day moving average of $162.27. Agnico Eagle Mines Limited has a 1-year low of $92.11 and a 1-year high of $225.00.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last posted its quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.76 by $0.40. The business had revenue of $3.07 billion during 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 quarter last year, the firm posted $1.14 earnings per share. As a group, analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group restated a “neutral” rating and issued a $240.00 target price on shares of Agnico Eagle Mines in a research report on Friday. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, January 12th. 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. Royal Bank Of Canada cut shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $185.00 to $205.00 in a research report on Wednesday, December 10th. Finally, Zacks Research lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Four investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $224.73.

Check Out Our Latest Stock Report on Agnico Eagle Mines

Agnico Eagle Mines Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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