Sunbelt Securities Inc. Acquires Shares of 1,108 Agnico Eagle Mines Limited (NYSE:AEM)

Sunbelt Securities Inc. bought a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,108 shares of the mining company’s stock, valued at approximately $66,000.

A number of other institutional investors have also recently modified their holdings of AEM. Bruce G. Allen Investments LLC purchased a new position in Agnico Eagle Mines in the 4th quarter worth approximately $33,000. CVA Family Office LLC purchased a new position in shares of Agnico Eagle Mines in the fourth quarter worth $36,000. Scarborough Advisors LLC bought a new position in shares of Agnico Eagle Mines during the fourth quarter valued at $47,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at $49,000. Finally, Creekmur Asset Management LLC bought a new stake in Agnico Eagle Mines in the 4th quarter worth about $54,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AEM shares. StockNews.com raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday. Jefferies Financial Group lifted their target price on shares of Agnico Eagle Mines from $58.00 to $59.00 and gave the stock a “hold” rating in a research report on Thursday, June 20th. Scotiabank lifted their price objective on Agnico Eagle Mines from $71.00 to $81.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 23rd. BMO Capital Markets lowered their target price on Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, June 20th. Finally, Citigroup boosted their price target on Agnico Eagle Mines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.22.

Agnico Eagle Mines Trading Down 1.5 %

Shares of NYSE:AEM opened at $65.40 on Monday. The stock has a 50 day moving average of $66.31 and a 200 day moving average of $58.04. The company has a market cap of $32.72 billion, a PE ratio of 68.84, a price-to-earnings-growth ratio of 0.72 and a beta of 1.11. Agnico Eagle Mines Limited has a 12-month low of $43.22 and a 12-month high of $71.50. 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 posted its quarterly earnings results on Thursday, April 25th. The mining company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.16. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. The company’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. As a group, equities research analysts expect that Agnico Eagle Mines Limited will post 3.16 EPS 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.