Banque Cantonale Vaudoise Raises Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Banque Cantonale Vaudoise raised its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,190 shares of the mining company’s stock after purchasing an additional 169 shares during the period. Banque Cantonale Vaudoise’s holdings in Agnico Eagle Mines were worth $369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AEM. Bruce G. Allen Investments LLC purchased a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $33,000. CVA Family Office LLC acquired a new position in shares of Agnico Eagle Mines during the 4th quarter worth approximately $36,000. Scarborough Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $47,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Agnico Eagle Mines in the 4th quarter valued at $49,000. Finally, Creekmur Asset Management LLC acquired a new stake in Agnico Eagle Mines during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $65.23 on Monday. The company’s 50 day moving average is $66.01 and its two-hundred day moving average is $57.55. The firm has a market cap of $32.63 billion, a PE ratio of 68.66, a price-to-earnings-growth ratio of 0.73 and a beta of 1.11. The company has a quick ratio of 0.88, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. Agnico Eagle Mines Limited has a 52-week low of $43.22 and a 52-week high of $71.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.16. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. On average, research analysts expect that Agnico Eagle Mines Limited will post 3.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on AEM. National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. BMO Capital Markets lowered their target price on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday. Citigroup boosted their price target on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Jefferies Financial Group upped their price objective on shares of Agnico Eagle Mines from $58.00 to $59.00 and gave the stock a “hold” rating in a report on Thursday. Finally, TD Securities lifted their target price on shares of Agnico Eagle Mines from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.22.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.