Advisors Asset Management Inc. Buys Shares of 9,715 Agnico Eagle Mines Limited $AEM

Advisors Asset Management Inc. acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,715 shares of the mining company's stock, valued at approximately $1,053,000.

Other large investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Agnico Eagle Mines during the first quarter worth about $26,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Agnico Eagle Mines during the first quarter worth about $26,000. Private Trust Co. NA grew its stake in Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock worth $31,000 after buying an additional 232 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Agnico Eagle Mines during the first quarter worth about $34,000. Finally, Dagco Inc. acquired a new stake in Agnico Eagle Mines during the first quarter worth about $39,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AEM. Lake Street Capital restated a "buy" rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. Bank of America raised their price target on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. CIBC restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, July 15th. Finally, Raymond James Financial upgraded shares of 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. Five investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of "Buy" and a consensus price target of $136.90.

Agnico Eagle Mines Trading Up 0.6%

NYSE AEM traded up $0.85 during trading hours on Thursday, reaching $153.67. The company's stock had a trading volume of 2,549,755 shares, compared to its average volume of 2,938,244. The firm has a fifty day simple moving average of $131.97 and a 200-day simple moving average of $118.89. The stock has a market cap of $77.27 billion, a P/E ratio of 26.13, a P/E/G ratio of 1.05 and a beta of 0.45. Agnico Eagle Mines Limited has a 52 week low of $75.17 and a 52 week high of $156.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16.

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