GoalVest Advisory LLC Invests $57,000 in Agnico Eagle Mines Limited (NYSE:AEM)

GoalVest Advisory LLC purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 950 shares of the mining company’s stock, valued at approximately $57,000.

Several other large investors also recently modified their holdings of AEM. Kestra Advisory Services LLC bought a new position in Agnico Eagle Mines in the 3rd quarter worth approximately $228,000. Envestnet Asset Management Inc. boosted its holdings in Agnico Eagle Mines by 35.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 309,020 shares of the mining company’s stock worth $14,045,000 after buying an additional 81,652 shares during the period. Acadian Asset Management LLC boosted its holdings in Agnico Eagle Mines by 60.9% in the 3rd quarter. Acadian Asset Management LLC now owns 6,001 shares of the mining company’s stock worth $273,000 after buying an additional 2,271 shares during the period. LPL Financial LLC boosted its holdings in Agnico Eagle Mines by 4.9% in the 3rd quarter. LPL Financial LLC now owns 153,772 shares of the mining company’s stock worth $6,989,000 after buying an additional 7,134 shares during the period. Finally, Mariner LLC boosted its holdings in Agnico Eagle Mines by 16.6% in the 3rd quarter. Mariner LLC now owns 25,984 shares of the mining company’s stock worth $1,181,000 after buying an additional 3,705 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

AEM has been the subject of several analyst reports. TD Securities raised their price objective on shares of Agnico Eagle Mines from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. StockNews.com raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday. Jefferies Financial Group raised their price target on shares of Agnico Eagle Mines from $58.00 to $59.00 and gave the company a “hold” rating in a report on Thursday, June 20th. Citigroup raised their price target on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, CIBC raised their price target on shares of Agnico Eagle Mines from $80.00 to $81.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $72.22.

Agnico Eagle Mines Price Performance

AEM stock opened at $66.38 on Friday. The firm’s 50-day moving average price is $66.28 and its two-hundred day moving average price is $57.85. Agnico Eagle Mines Limited has a 12-month low of $43.22 and a 12-month high of $71.50. The stock has a market capitalization of $33.21 billion, a price-to-earnings ratio of 69.87, a PEG ratio of 0.72 and a beta of 1.11. The company has a current ratio of 2.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09.

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

Agnico Eagle Mines 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.