Epoch Investment Partners Inc. Invests $1.99 Million in Agnico Eagle Mines Limited (NYSE:AEM)

Epoch Investment Partners Inc. purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,430 shares of the mining company’s stock, valued at approximately $1,990,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Continuum Advisory LLC raised its stake in shares of Agnico Eagle Mines by 1,134.4% in the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock valued at $26,000 after acquiring an additional 363 shares during the period. Stephens Consulting LLC purchased a new position in Agnico Eagle Mines in the first quarter valued at about $30,000. Janiczek Wealth Management LLC lifted its stake in shares of Agnico Eagle Mines by 406.4% during the first quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after purchasing an additional 569 shares in the last quarter. Scarborough Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $47,000. Finally, WASHINGTON TRUST Co boosted its position in shares of Agnico Eagle Mines by 92.1% in the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after buying an additional 350 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

AEM opened at $82.63 on Tuesday. The company has a market capitalization of $41.34 billion, a P/E ratio of 86.98, a PEG ratio of 0.77 and a beta of 1.10. The company has a 50-day moving average of $78.33 and a 200-day moving average of $69.25. 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 announced its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.14. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the company earned $0.65 earnings per share. Agnico Eagle Mines’s quarterly revenue was up 20.9% on a year-over-year basis. Equities analysts expect that Agnico Eagle Mines Limited will post 3.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AEM has been the topic of several analyst reports. Royal Bank of Canada raised their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. BMO Capital Markets decreased their target price on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, June 20th. StockNews.com raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Scotiabank upped their price objective on shares of 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. Finally, CIBC lifted their target price on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus 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.