Edmond DE Rothschild Holding S.A. Has $6.70 Million Holdings in Agnico Eagle Mines Limited $AEM

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Agnico Eagle Mines Limited by 23.9%, acquiring an additional 11,912 shares in the first quarter, bringing its total holdings to 61,699 shares valued at $6.7 million.
• Agnico Eagle Mines reported a quarterly earnings per share of $1.94, exceeding analyst expectations, with revenue growth of 35.6% year-over-year, reaching $2.86 billion.
• Institutional investors currently hold 68.34% of Agnico Eagle Mines stock, with various firms significantly increasing their positions in the company during the fourth quarter.

Edmond DE Rothschild Holding S.A. grew its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 23.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,699 shares of the mining company's stock after purchasing an additional 11,912 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Agnico Eagle Mines were worth $6,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Banque Transatlantique SA grew its stake in shares of Agnico Eagle Mines by 6,778.8% in the 1st quarter. Banque Transatlantique SA now owns 2,270 shares of the mining company's stock valued at $228,000 after purchasing an additional 2,237 shares during the period. AQR Capital Management LLC grew its stake in shares of Agnico Eagle Mines by 36.4% in the 1st quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company's stock valued at $2,150,000 after purchasing an additional 5,293 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of Agnico Eagle Mines in the 1st quarter valued at approximately $1,053,000. AlTi Global Inc. grew its stake in shares of Agnico Eagle Mines by 299.5% in the 1st quarter. AlTi Global Inc. now owns 49,353 shares of the mining company's stock valued at $5,346,000 after purchasing an additional 37,000 shares during the period. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Agnico Eagle Mines in the 1st quarter valued at approximately $10,841,000. 68.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Agnico Eagle Mines Trading Down 0.1%

Shares of AEM stock traded down $0.19 during trading hours on Wednesday, reaching $152.56. The company had a trading volume of 1,203,054 shares, compared to its average volume of 2,928,523. The company has a 50 day moving average of $131.29 and a 200 day moving average of $118.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. The firm has a market cap of $76.71 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 1.06 and a beta of 0.45. Agnico Eagle Mines Limited has a 1-year low of $75.17 and a 1-year high of $156.18.

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