Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 15.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,979 shares of the mining company’s stock after selling 3,119 shares during the quarter. Blair William & Co. IL’s holdings in Agnico Eagle Mines were worth $1,110,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp increased its holdings in shares of Agnico Eagle Mines by 0.3% during the second quarter. Van ECK Associates Corp now owns 22,320,085 shares of the mining company’s stock valued at $1,459,741,000 after acquiring an additional 58,681 shares in the last quarter. FIL Ltd increased its holdings in shares of Agnico Eagle Mines by 16.4% during the fourth quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock valued at $1,102,481,000 after acquiring an additional 2,831,794 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Agnico Eagle Mines by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 17,562,802 shares of the mining company’s stock valued at $963,320,000 after acquiring an additional 338,264 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Agnico Eagle Mines by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 13,281,926 shares of the mining company’s stock valued at $868,638,000 after acquiring an additional 134,872 shares in the last quarter. Finally, Capital World Investors increased its holdings in shares of Agnico Eagle Mines by 0.8% during the first quarter. Capital World Investors now owns 9,769,275 shares of the mining company’s stock valued at $582,529,000 after acquiring an additional 79,275 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 1.7 %

Agnico Eagle Mines stock opened at $83.99 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 12 month low of $43.22 and a 12 month high of $84.65. The stock’s 50 day simple moving average is $78.48 and its two-hundred day simple moving average is $69.46. The firm has a market cap of $42.02 billion, a PE ratio of 88.41, a P/E/G ratio of 0.77 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its 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. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. Analysts anticipate that Agnico Eagle Mines Limited will post 3.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. CIBC upped their target price on Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. TD Securities upped their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Scotiabank upped their target price on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group upped their target price on Agnico Eagle Mines from $59.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, July 12th. Finally, StockNews.com upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.67.

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.