19,640 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,640 shares of the mining company’s stock, valued at approximately $1,284,000.

A number of other hedge funds have also recently bought and sold shares of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Agnico Eagle Mines by 2.2% during 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 valued at $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% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,190 shares of the mining company’s stock worth $369,000 after acquiring an additional 169 shares in the last quarter. Azzad Asset Management Inc. ADV increased its position in shares of Agnico Eagle Mines by 0.3% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 61,820 shares of the mining company’s stock worth $4,043,000 after purchasing an additional 189 shares during the last quarter. Baader Bank Aktiengesellschaft raised its stake in shares of Agnico Eagle Mines by 4.8% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 4,192 shares of the mining company’s stock valued at $269,000 after purchasing an additional 192 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of Agnico Eagle Mines by 4.7% in the 1st quarter. Gulf International Bank UK Ltd now owns 5,030 shares of the mining company’s stock valued at $300,000 after purchasing an additional 226 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $83.13 on Monday. The firm has a fifty day moving average of $78.17 and a 200-day moving average of $69.05. The company has a market cap of $41.59 billion, a price-to-earnings ratio of 87.51, a price-to-earnings-growth ratio of 0.77 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 $43.22 and a 1 year high of $84.65.

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 firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. As a group, equities analysts anticipate that Agnico Eagle Mines Limited will post 3.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

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