1,868 Shares in Agnico Eagle Mines Limited $AEM Purchased by Atticus Wealth Management LLC

Key Points

• Atticus Wealth Management LLC purchased 1,868 shares of Agnico Eagle Mines Limited, valued at approximately $222,000, in the second quarter.
• Institutional investors hold 68.34% of Agnico Eagle Mines' stock, with several firms, including Brighton Jones LLC and Two Sigma Advisers LP, significantly increasing their positions during the fourth quarter.
• Agnico Eagle Mines reported a 35.6% increase in revenue year-over-year, posting $2.86 billion for the quarter and exceeding analysts' estimates.

Atticus Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,868 shares of the mining company's stock, valued at approximately $222,000.

Several other large investors have also made changes to their positions in AEM. Brighton Jones LLC lifted its position in shares of Agnico Eagle Mines by 11.5% during the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company's stock worth $252,000 after purchasing an additional 331 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Agnico Eagle Mines by 15.7% during the 4th quarter. Quantinno Capital Management LP now owns 20,322 shares of the mining company's stock worth $1,589,000 after purchasing an additional 2,761 shares during the last quarter. Tidal Investments LLC increased its stake in Agnico Eagle Mines by 25.0% during the fourth quarter. Tidal Investments LLC now owns 18,866 shares of the mining company's stock valued at $1,476,000 after acquiring an additional 3,778 shares during the period. Two Sigma Advisers LP increased its stake in Agnico Eagle Mines by 187.6% during the fourth quarter. Two Sigma Advisers LP now owns 77,599 shares of the mining company's stock valued at $6,069,000 after acquiring an additional 50,622 shares during the period. Finally, Two Sigma Investments LP bought a new position in Agnico Eagle Mines during the fourth quarter valued at about $1,315,000. Institutional investors and hedge funds own 68.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AEM shares. National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. Lake Street Capital restated a "buy" rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Bank of America boosted their price target on Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Raymond James Financial upgraded Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price target on the stock in a research note on Monday, June 30th. Finally, Zacks Research lowered Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Five analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Buy" and an average target price of $136.90.

Agnico Eagle Mines Trading Up 0.8%

AEM stock opened at $154.43 on Friday. Agnico Eagle Mines Limited has a 1-year low of $75.17 and a 1-year high of $156.18. The firm has a market cap of $77.65 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.03 and a beta of 0.45. The business's 50 day moving average is $136.10 and its 200-day moving average is $121.25. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the company posted $1.07 EPS. The company's revenue was up 35.6% compared to the same quarter last year. Equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 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.

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