Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lifted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,651 shares of the mining company’s stock after purchasing an additional 190 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Agnico Eagle Mines were worth $3,248,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AEM. Continuum Advisory LLC grew its position in Agnico Eagle Mines by 1,134.4% in the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock worth $26,000 after buying an additional 363 shares during the last quarter. Stephens Consulting LLC acquired a new position in shares of Agnico Eagle Mines in the 1st quarter worth $30,000. Janiczek Wealth Management LLC grew its holdings in shares of Agnico Eagle Mines by 406.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after acquiring an additional 569 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $47,000. Finally, WASHINGTON TRUST Co lifted its holdings in shares of Agnico Eagle Mines by 92.1% during the second 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. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 0.6 %

Shares of Agnico Eagle Mines stock opened at $82.63 on Tuesday. The firm has a market cap of $41.34 billion, a price-to-earnings ratio of 86.98, a P/E/G ratio of 0.77 and a beta of 1.10. The stock has a 50-day simple moving average of $78.33 and a 200-day simple moving average of $69.25. Agnico Eagle Mines Limited has a 52-week low of $43.22 and a 52-week high of $84.65. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.76.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AEM shares. UBS Group started coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price target on the stock. Scotiabank lifted their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. BMO Capital Markets reduced their price target on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday, June 20th. CIBC raised their price objective on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Finally, TD Securities boosted their target price on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.67.

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.