7,581 Shares in Agnico Eagle Mines Limited $AEM Purchased by Equitable Holdings Inc.

Equitable Holdings Inc. bought a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,581 shares of the mining company's stock, valued at approximately $1,176,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors boosted its holdings in shares of Agnico Eagle Mines by 2.8% during the 4th quarter. Capital World Investors now owns 21,338,277 shares of the mining company's stock valued at $3,618,730,000 after acquiring an additional 572,473 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Agnico Eagle Mines by 21.6% during the fourth quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company's stock valued at $2,920,258,000 after purchasing an additional 3,062,705 shares during the last quarter. TD Asset Management Inc lifted its position in Agnico Eagle Mines by 1.7% during the fourth quarter. TD Asset Management Inc now owns 9,665,456 shares of the mining company's stock valued at $1,641,239,000 after purchasing an additional 165,263 shares during the period. Deutsche Bank AG purchased a new stake in Agnico Eagle Mines in the second quarter worth approximately $1,362,158,000. Finally, Mackenzie Financial Corp boosted its holdings in Agnico Eagle Mines by 4.0% in the fourth quarter. Mackenzie Financial Corp now owns 8,687,624 shares of the mining company's stock worth $1,489,509,000 after purchasing an additional 332,797 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

Analyst Upgrades and Downgrades

AEM has been the subject of a number of research analyst reports. Citigroup cut their target price on shares of Agnico Eagle Mines from $256.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, July 27th. Royal Bank Of Canada dropped their price target on Agnico Eagle Mines from $230.00 to $210.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 9th. JPMorgan Chase & Co. lifted their price objective on Agnico Eagle Mines from $175.00 to $179.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Jefferies Financial Group upgraded Agnico Eagle Mines from a "hold" rating to a "buy" rating and upped their price objective for the company from $187.00 to $200.00 in a research report on Monday, July 6th. Finally, Zacks Research downgraded Agnico Eagle Mines from a "hold" rating to a "strong sell" rating in a report on Friday, July 17th. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of "Moderate Buy" and an average price target of $226.00.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM opened at $206.41 on Friday. Agnico Eagle Mines Limited has a 12-month low of $134.38 and a 12-month high of $255.24. The firm has a market capitalization of $104.63 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $165.50 and a 200 day moving average of $187.44.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.16. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.78 billion. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. The company's quarterly revenue was up 35.0% on a year-over-year basis. During the same period last year, the firm earned $1.94 earnings per share. On average, research analysts anticipate that Agnico Eagle Mines Limited will post 11.56 earnings per share for the current year.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited NYSE: AEM is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

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