Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Makes New $3.98 Million Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 60,740 shares of the mining company’s stock, valued at approximately $3,978,000. Agnico Eagle Mines makes up approximately 1.6% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s portfolio, making the stock its 18th biggest position.

A number of other institutional investors also recently modified their holdings of the company. Continuum Advisory LLC boosted its stake in Agnico Eagle Mines by 1,134.4% during the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock valued at $26,000 after purchasing an additional 363 shares during the last quarter. Stephens Consulting LLC bought a new stake in Agnico Eagle Mines during the first quarter worth $30,000. Abich Financial Wealth Management LLC purchased a new stake in Agnico Eagle Mines in the 2nd quarter valued at $32,000. Janiczek Wealth Management LLC lifted its stake in Agnico Eagle Mines by 406.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock valued at $42,000 after acquiring an additional 569 shares in the last quarter. Finally, Scarborough Advisors LLC bought a new position in Agnico Eagle Mines during the 4th quarter valued at $47,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Scotiabank lifted their target price on shares of 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 began coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price for the company. BMO Capital Markets dropped their price target on Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, June 20th. Finally, Royal Bank of Canada upped their price objective on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average price target of $84.67.

Agnico Eagle Mines Stock Up 1.6 %

AEM stock opened at $81.85 on Wednesday. Agnico Eagle Mines Limited has a fifty-two week low of $43.22 and a fifty-two week high of $85.14. The stock has a fifty day moving average of $79.24 and a 200-day moving average of $70.40. The company has a market capitalization of $40.95 billion, a price-to-earnings ratio of 86.16, a PEG ratio of 0.78 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 (NYSE:AEM) (TSE:AEM) last posted 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 firm 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%. The company’s revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. As a group, equities research analysts predict that Agnico Eagle Mines Limited will post 3.73 earnings per share for the current year.

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.