Delos Wealth Advisors LLC Buys 1,734 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Delos Wealth Advisors LLC raised its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,589 shares of the mining company’s stock after acquiring an additional 1,734 shares during the quarter. Agnico Eagle Mines comprises approximately 2.4% of Delos Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Delos Wealth Advisors LLC’s holdings in Agnico Eagle Mines were worth $2,524,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Financial Sense Advisors Inc. lifted its stake in shares of Agnico Eagle Mines by 372.3% during the first quarter. Financial Sense Advisors Inc. now owns 62,330 shares of the mining company’s stock valued at $3,718,000 after acquiring an additional 49,132 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Agnico Eagle Mines during the 4th quarter valued at about $2,297,000. Manning & Napier Advisors LLC bought a new position in shares of Agnico Eagle Mines in the 2nd quarter valued at about $2,595,000. FIL Ltd boosted its stake in shares of Agnico Eagle Mines by 16.4% in the 4th quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock valued at $1,102,481,000 after purchasing an additional 2,831,794 shares during the last quarter. Finally, Crestline Management LP grew its position in shares of Agnico Eagle Mines by 28.8% during the 4th quarter. Crestline Management LP now owns 180,891 shares of the mining company’s stock worth $9,922,000 after buying an additional 40,483 shares during the period. 68.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

AEM has been the topic of several analyst reports. Jefferies Financial Group increased their price objective on shares of Agnico Eagle Mines from $59.00 to $66.00 and gave the company a “hold” rating in a report on Friday, July 12th. Scotiabank raised their price target on 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. UBS Group started coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective for the company. StockNews.com raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Finally, 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 report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.67.

Agnico Eagle Mines Trading Up 1.6 %

NYSE AEM opened at $83.13 on Friday. Agnico Eagle Mines Limited has a one year low of $43.22 and a one year 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. The firm has a market cap of $41.59 billion, a P/E ratio of 87.51, a P/E/G ratio of 0.77 and a beta of 1.10. The stock’s 50-day moving average is $78.17 and its 200-day moving average is $68.94.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced 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 firm had revenue of $2.08 billion for 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 business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 3.65 earnings per share for the current fiscal year.

About Agnico Eagle Mines

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.