Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,076 shares of the mining company’s stock after selling 241 shares during the period. Private Advisor Group LLC’s holdings in Agnico Eagle Mines were worth $731,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AEM. Principal Financial Group Inc. bought a new position in shares of Agnico Eagle Mines during the 1st quarter valued at about $1,388,000. Norden Group LLC lifted its position in shares of Agnico Eagle Mines by 67.5% in the first quarter. Norden Group LLC now owns 7,353 shares of the mining company’s stock worth $439,000 after purchasing an additional 2,963 shares in the last quarter. Diversify Advisory Services LLC bought a new position in Agnico Eagle Mines during the first quarter valued at approximately $260,000. Jennison Associates LLC raised its position in Agnico Eagle Mines by 1.0% during the first quarter. Jennison Associates LLC now owns 538,864 shares of the mining company’s stock valued at $32,143,000 after acquiring an additional 5,136 shares in the last quarter. Finally, Chase Investment Counsel Corp raised its position in Agnico Eagle Mines by 9.2% during the first quarter. Chase Investment Counsel Corp now owns 57,227 shares of the mining company’s stock valued at $3,413,000 after acquiring an additional 4,810 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AEM. TD Securities raised their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. 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 research note on Wednesday, July 10th. UBS Group assumed coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price on the stock. Jefferies Financial Group upped their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, Scotiabank upped their price target 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. 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 MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $85.80 on Friday. The business’s 50-day moving average price is $82.30 and its 200-day moving average price is $74.13. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $89.00. The firm has a market capitalization of $43.05 billion, a price-to-earnings ratio of 42.90, a PEG ratio of 0.78 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.14. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. Agnico Eagle Mines had a return on equity of 8.98% and a net margin of 12.86%. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. Equities research analysts forecast that Agnico Eagle Mines Limited will post 4.01 EPS for the current 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.