Assetmark Inc. Purchases 4,166 Shares of Agnico Eagle Mines Limited $AEM

Assetmark Inc. grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 13.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,134 shares of the mining company’s stock after acquiring an additional 4,166 shares during the period. Assetmark Inc.’s holdings in Agnico Eagle Mines were worth $7,132,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Acumen Wealth Advisors LLC purchased a new position in Agnico Eagle Mines in the fourth quarter worth about $26,000. Abound Wealth Management lifted its stake in Agnico Eagle Mines by 99.0% in the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock worth $35,000 after acquiring an additional 104 shares during the period. Lodestone Wealth Management LLC bought a new position in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $35,000. Jessup Wealth Management Inc bought a new stake in Agnico Eagle Mines during the 4th quarter valued at $35,000. Finally, Bangor Savings Bank purchased a new position in Agnico Eagle Mines in the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AEM shares. Barclays reduced their price target on Agnico Eagle Mines from $210.00 to $188.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Erste Group Bank cut shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Wall Street Zen lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Canadian Imperial Bank of Commerce set a $285.00 price target on shares of Agnico Eagle Mines in a research report on Thursday, July 16th. Finally, Scotiabank cut their price objective on Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average target price of $230.00.

Agnico Eagle Mines News Summary

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

• Negative Sentiment: JPMorgan lowered its price target on Agnico Eagle Mines from $222 to $175 and kept a neutral rating, signaling less upside than before and pressuring investor expectations. Benzinga report on JPMorgan price target cut
• Negative Sentiment: Zacks added AEM to its Rank #5 “Strong Sell” list, which can weigh on the stock because it reflects weakening near-term earnings sentiment. Yahoo Finance/Zacks Strong Sell article
• Negative Sentiment: Another Zacks article repeated the Strong Sell designation, reinforcing the cautious analyst tone around AEM. Zacks Strong Sell article
• Neutral Sentiment: Separately, a Seeking Alpha piece argued Agnico Eagle remains undervalued and could benefit from its Finland expansion, highlighting long-term growth potential rather than a near-term catalyst. Seeking Alpha Agnico Eagle Finland expansion article
• Neutral Sentiment: Broader commentary on gold miners suggested the group may be undervalued relative to gold prices, but this was industry-wide and not specific to AEM’s immediate fundamentals. MarketBeat gold miners article

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $141.55 on Wednesday. Agnico Eagle Mines Limited has a twelve month low of $122.32 and a twelve month high of $255.24. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $163.09 and a 200-day simple moving average of $191.11. The stock has a market cap of $71.85 billion, a PE ratio of 13.30, a P/E/G ratio of 1.84 and a beta of 0.60.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the prior year, the business earned $1.53 EPS. Agnico Eagle Mines’s revenue was up 66.1% on a year-over-year basis. Equities analysts anticipate that Agnico Eagle Mines Limited will post 12.09 earnings per share 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.