Gulf International Bank UK Ltd Raises Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Gulf International Bank UK Ltd lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 5,030 shares of the mining company’s stock after acquiring an additional 226 shares during the period. Gulf International Bank UK Ltd’s holdings in Agnico Eagle Mines were worth $300,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Van ECK Associates Corp boosted its position in Agnico Eagle Mines by 9.5% in the fourth quarter. Van ECK Associates Corp now owns 23,059,010 shares of the mining company’s stock valued at $1,264,791,000 after buying an additional 1,995,127 shares during the last quarter. FIL Ltd boosted its position in Agnico Eagle Mines by 16.4% in the fourth quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock valued at $1,102,481,000 after buying an additional 2,831,794 shares during the last quarter. Vanguard Group Inc. boosted its position in Agnico Eagle Mines by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 17,562,802 shares of the mining company’s stock valued at $963,320,000 after buying an additional 338,264 shares during the last quarter. Mackenzie Financial Corp boosted its position in Agnico Eagle Mines by 0.4% in the fourth quarter. Mackenzie Financial Corp now owns 9,811,207 shares of the mining company’s stock valued at $538,193,000 after buying an additional 41,068 shares during the last quarter. Finally, Capital World Investors boosted its position in Agnico Eagle Mines by 12.0% in the fourth quarter. Capital World Investors now owns 9,690,000 shares of the mining company’s stock valued at $531,284,000 after buying an additional 1,034,721 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 1.3 %

Shares of AEM stock opened at $65.23 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 0.88. The company has a market cap of $32.63 billion, a price-to-earnings ratio of 68.66, a PEG ratio of 0.73 and a beta of 1.11. The stock has a 50 day simple moving average of $66.01 and a 200-day simple moving average of $57.55. Agnico Eagle Mines Limited has a 1-year low of $43.22 and a 1-year high of $71.50.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Jefferies Financial Group upped their target price on Agnico Eagle Mines from $58.00 to $59.00 and gave the company a “hold” rating in a research report on Thursday. TD Securities upped their price objective on Agnico Eagle Mines from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. CIBC upped their price objective on Agnico Eagle Mines from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Scotiabank upped their price objective on Agnico Eagle Mines from $71.00 to $81.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 23rd. Finally, National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and eight have assigned 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.

Agnico Eagle Mines Company Profile

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.