Profund Advisors LLC Has $2.47 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Profund Advisors LLC cut its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 12.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,747 shares of the mining company’s stock after selling 5,399 shares during the period. Profund Advisors LLC’s holdings in Agnico Eagle Mines were worth $2,469,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Continuum Advisory LLC boosted its stake in Agnico Eagle Mines by 1,134.4% during the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock valued at $26,000 after purchasing an additional 363 shares during the last quarter. Stephens Consulting LLC acquired a new position in Agnico Eagle Mines during the 1st quarter valued at about $30,000. Janiczek Wealth Management LLC boosted its stake in Agnico Eagle Mines by 406.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock valued at $42,000 after purchasing an additional 569 shares during the last quarter. Scarborough Advisors LLC acquired a new position in Agnico Eagle Mines during the 4th quarter valued at about $47,000. Finally, WASHINGTON TRUST Co boosted its stake in Agnico Eagle Mines by 92.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock valued at $48,000 after purchasing an additional 350 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AEM has been the subject of a number of analyst reports. Scotiabank lifted their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Royal Bank of Canada boosted their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. CIBC boosted their target price on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. UBS Group began coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price on the stock. Finally, TD Securities boosted their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.67.

Agnico Eagle Mines Trading Up 1.6 %

Agnico Eagle Mines stock opened at $83.13 on Monday. The stock has a market cap of $41.59 billion, a P/E ratio of 87.51, a PEG ratio of 0.77 and a beta of 1.10. Agnico Eagle Mines Limited has a fifty-two week low of $43.22 and a fifty-two week high of $84.65. The firm’s fifty day moving average price is $78.17 and its 200-day moving average price is $69.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.51.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.14. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s quarterly revenue was up 20.9% on a year-over-year basis. Equities research analysts forecast that Agnico Eagle Mines Limited will post 3.65 earnings per share for the current fiscal 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.