Cheviot Value Management LLC Sells 15,587 Shares of Agnico Eagle Mines Limited $AEM

Cheviot Value Management LLC reduced its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 462,946 shares of the mining company’s stock after selling 15,587 shares during the period. Agnico Eagle Mines comprises about 7.7% of Cheviot Value Management LLC’s holdings, making the stock its 3rd largest holding. Cheviot Value Management LLC owned approximately 0.09% of Agnico Eagle Mines worth $72,585,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Sagespring Wealth Partners LLC increased its holdings in shares of Agnico Eagle Mines by 7.5% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 16,374 shares of the mining company’s stock valued at $2,760,000 after purchasing an additional 1,147 shares during the period. PFG Investments LLC grew its position in Agnico Eagle Mines by 5.6% during the third quarter. PFG Investments LLC now owns 4,341 shares of the mining company’s stock valued at $732,000 after purchasing an additional 230 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. increased its stake in Agnico Eagle Mines by 43.4% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 20,926 shares of the mining company’s stock valued at $3,526,000 after buying an additional 6,330 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in Agnico Eagle Mines by 1,822.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 64,323 shares of the mining company’s stock worth $10,834,000 after buying an additional 60,977 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in Agnico Eagle Mines in the 3rd quarter worth approximately $396,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $214.52 on Friday. The stock has a market capitalization of $107.40 billion, a P/E ratio of 31.32, a P/E/G ratio of 0.62 and a beta of 0.63. The business has a 50-day moving average of $178.06 and a two-hundred day moving average of $159.01. Agnico Eagle Mines Limited has a fifty-two week low of $87.45 and a fifty-two week high of $215.95. 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 EPS for the quarter, beating 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 quarter in the prior year, the firm posted $1.14 EPS. On average, equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Scotiabank restated an “outperform” rating on shares of Agnico Eagle Mines in a report on Thursday, October 23rd. Jefferies Financial Group set a $189.00 price objective on Agnico Eagle Mines in a research report on Sunday, December 7th. Weiss Ratings lowered Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, January 12th. Citigroup raised their price target on Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Finally, Bank of America boosted their price target on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Five research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $211.70.

Agnico Eagle Mines 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.