Agnico Eagle Mines Limited $AEM Shares Bought by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its stake in Agnico Eagle Mines Limited by 71.9% in Q1, owning nearly 20,000 shares valued at over $2 million.
• Agnico Eagle Mines reported a 35.6% increase in revenue year-over-year, achieving $2.86 billion in revenue and an EPS of $1.94 for the last quarter.
• Several analysts have issued a consensus rating of "Buy" with price targets ranging up to $173, indicating strong market confidence in Agnico Eagle Mines' future performance.

Candriam S.C.A. grew its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 71.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,956 shares of the mining company's stock after purchasing an additional 8,348 shares during the period. Candriam S.C.A.'s holdings in Agnico Eagle Mines were worth $2,162,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Agnico Eagle Mines during the first quarter worth approximately $26,000. Cary Street Partners Investment Advisory LLC acquired a new position in Agnico Eagle Mines during the 1st quarter worth $26,000. Private Trust Co. NA boosted its position in Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock worth $31,000 after acquiring an additional 232 shares during the period. Golden State Wealth Management LLC acquired a new position in Agnico Eagle Mines during the 1st quarter worth $34,000. Finally, Dagco Inc. acquired a new position in Agnico Eagle Mines during the 1st quarter worth $39,000. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Trading Up 0.6%

Shares of NYSE:AEM opened at $137.0970 on Friday. The stock has a market capitalization of $68.94 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 0.95 and a beta of 0.44. Agnico Eagle Mines Limited has a 1-year low of $75.17 and a 1-year high of $138.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03. The company has a 50 day moving average price of $125.39 and a 200 day moving average price of $114.70.

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, topping the consensus estimate 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 return on equity of 13.79% and a net margin of 30.63%.The company's revenue was up 35.6% compared to the same quarter last year. During the same period last year, the company posted $1.07 EPS. On average, research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Bank of America upped their price objective on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. National Bankshares reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. Raymond James Financial raised shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price target for the company in a research note on Monday, June 30th. TD Securities raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Thursday, July 17th. Finally, Lake Street Capital reaffirmed a "buy" rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of "Buy" and a consensus target price of $136.90.

Agnico Eagle Mines Company 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.

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