Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC lessened its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 85.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,640 shares of the mining company’s stock after selling 39,692 shares during the period. Bleakley Financial Group LLC’s holdings in Agnico Eagle Mines were worth $535,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AEM. Sapient Capital LLC raised its holdings in Agnico Eagle Mines by 1.3% in the 3rd quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock valued at $886,000 after acquiring an additional 145 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Agnico Eagle Mines by 2.2% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,217 shares of the mining company’s stock worth $472,000 after buying an additional 158 shares during the last quarter. Banque Cantonale Vaudoise grew its holdings in Agnico Eagle Mines by 2.8% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,190 shares of the mining company’s stock valued at $369,000 after buying an additional 169 shares during the period. Azzad Asset Management Inc. ADV increased its stake in shares of Agnico Eagle Mines by 0.3% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 61,820 shares of the mining company’s stock valued at $4,043,000 after acquiring an additional 189 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd lifted its holdings in shares of Agnico Eagle Mines by 0.4% during the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 49,651 shares of the mining company’s stock worth $3,248,000 after acquiring an additional 190 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

AEM stock opened at $86.63 on Tuesday. The firm has a market cap of $43.34 billion, a P/E ratio of 91.19, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10. 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 Limited has a 1 year low of $44.37 and a 1 year high of $87.84. The stock has a 50-day simple moving average of $80.82 and a 200-day simple moving average of $72.48.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, beating 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%. Agnico Eagle Mines’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. On average, equities analysts predict that Agnico Eagle Mines Limited will post 3.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

AEM has been the subject of a number of recent analyst reports. CIBC boosted their target price on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. StockNews.com raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. UBS Group started coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target for the company. TD Securities raised their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group boosted their target price on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.78.

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.