Agnico Eagle Mines Limited $AEM Shares Purchased by Plancorp LLC

Key Points

• Plancorp LLC increased its stake in Agnico Eagle Mines Limited by 4.1%, owning a total of 70,106 shares valued at approximately $8.34 million.
• Agnico Eagle Mines reported a 35.6% year-over-year revenue increase for its latest quarter, generating $2.86 billion and surpassing analyst expectations.
• Investment analysts generally maintain a consensus "Buy" rating on Agnico Eagle Mines, with price target estimates ranging from $141.40 to $173.00.

Plancorp LLC boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,106 shares of the mining company's stock after buying an additional 2,783 shares during the period. Plancorp LLC's holdings in Agnico Eagle Mines were worth $8,338,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Agnico Eagle Mines during the first quarter valued at $26,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Agnico Eagle Mines during the first quarter valued at $26,000. Private Trust Co. NA increased its holdings in shares of Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock valued at $31,000 after purchasing an additional 232 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines during the first quarter valued at $34,000. Finally, Dagco Inc. acquired a new position in shares of Agnico Eagle Mines during the first quarter valued at $39,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Down 2.6%

Shares of AEM stock opened at $158.10 on Thursday. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. Agnico Eagle Mines Limited has a fifty-two week low of $75.17 and a fifty-two week high of $164.64. The stock has a market capitalization of $79.49 billion, a P/E ratio of 26.89, a P/E/G ratio of 1.09 and a beta of 0.45. The stock has a 50-day simple moving average of $139.40 and a 200 day simple moving average of $122.97.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released 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. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the company posted $1.07 EPS. Agnico Eagle Mines's revenue for the quarter was up 35.6% on a year-over-year basis. On average, sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AEM shares. Bank of America raised their price target on Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a report on Monday, June 23rd. UBS Group raised their price target on Agnico Eagle Mines from $125.00 to $160.00 and gave the company a "neutral" rating in a report on Friday, September 19th. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Lake Street Capital reaffirmed a "buy" rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Finally, TD Securities raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Thursday, July 17th. Five investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $141.40.

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.

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