20,333 Agnico Eagle Mines Limited $AEM Shares Sold by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth cut its Agnico Eagle Mines stake by 57% in the third quarter, selling 20,333 shares and ending the period with 15,343 shares valued at $2.812 million.
• Agnico Eagle reported quarterly earnings of $2.62 per share, beating the $2.47 consensus estimate, while revenue rose 17.1% year over year to $3.54 billion.
• Analyst sentiment was moderately positive: 13 analysts rated the stock a Buy and six a Hold, with a consensus price target of $227.

Ashton Thomas Private Wealth LLC decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 57.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,343 shares of the mining company's stock after selling 20,333 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Agnico Eagle Mines were worth $2,812,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AEM. QRG Capital Management Inc. boosted its stake in Agnico Eagle Mines by 4.1% in the second quarter. QRG Capital Management Inc. now owns 1,460 shares of the mining company's stock valued at $226,000 after acquiring an additional 58 shares during the period. Avidian Wealth Enterprises LLC grew its holdings in shares of Agnico Eagle Mines by 1.5% during the third quarter. Avidian Wealth Enterprises LLC now owns 4,362 shares of the mining company's stock valued at $800,000 after purchasing an additional 63 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of Agnico Eagle Mines by 0.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 9,933 shares of the mining company's stock worth $1,820,000 after purchasing an additional 71 shares during the period. Aries Wealth Management raised its position in shares of Agnico Eagle Mines by 1.4% during the 3rd quarter. Aries Wealth Management now owns 5,620 shares of the mining company's stock worth $1,030,000 after purchasing an additional 80 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of Agnico Eagle Mines by 0.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,287 shares of the mining company's stock worth $1,909,000 after purchasing an additional 93 shares during the period. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $191.59 on Monday. Agnico Eagle Mines Limited has a twelve month low of $134.38 and a twelve month high of $255.24. The company has a current ratio of 2.75, a quick ratio of 1.90 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $188.98 and a 200-day moving average of $188.96. The firm has a market cap of $96.93 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 2.91 and a beta of 0.69.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Wednesday, October 28th. The mining company reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.15. Agnico Eagle Mines had a net margin of 41.01% and a return on equity of 21.68%. The business had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the previous year, the firm earned $2.10 EPS. The business's revenue for the quarter was up 17.1% on a year-over-year basis. Analysts forecast that Agnico Eagle Mines Limited will post 11.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays cut their price target on Agnico Eagle Mines from $218.00 to $215.00 and set an "overweight" rating on the stock in a report on Monday, November 2nd. JPMorgan Chase & Co. lifted their price target on Agnico Eagle Mines from $190.00 to $193.00 and gave the company a "neutral" rating in a report on Friday, October 30th. Weiss Ratings raised Agnico Eagle Mines from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, October 14th. Freedom Broker upgraded Agnico Eagle Mines from a "hold" rating to a "buy" rating and set a $212.00 price objective for the company in a research report on Monday, November 2nd. Finally, Zacks Research raised Agnico Eagle Mines from a "strong sell" rating to a "hold" rating in a report on Monday, September 7th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $227.00.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited NYSE: AEM is a Canadian gold mining company engaged in the exploration, development and production of gold, as well as related activities such as mineral processing and mine-site reclamation. The company’s principal product is gold, with silver and other byproducts also recovered from certain operations.

Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s largest gold producers. Its operating portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland.

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