Agnico Eagle Mines Limited $AEM Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 24.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,937 shares of the mining company's stock after selling 9,841 shares during the period. Atria Wealth Solutions Inc.'s holdings in Agnico Eagle Mines were worth $3,561,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AEM. TD Asset Management Inc boosted its stake in shares of Agnico Eagle Mines by 42.8% during the first quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company's stock valued at $978,553,000 after acquiring an additional 2,709,005 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Agnico Eagle Mines by 57.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company's stock worth $254,029,000 after buying an additional 854,924 shares during the last quarter. Nuveen LLC acquired a new stake in Agnico Eagle Mines in the 1st quarter worth about $85,926,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Agnico Eagle Mines by 11.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company's stock worth $728,214,000 after buying an additional 673,400 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Agnico Eagle Mines by 3.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company's stock worth $1,457,160,000 after buying an additional 499,362 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AEM. TD Securities raised their price target on Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Weiss Ratings reissued a "buy (a)" rating on shares of Agnico Eagle Mines in a research note on Wednesday, October 8th. Lake Street Capital reissued a "buy" rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. Finally, UBS Group raised their price target on Agnico Eagle Mines from $125.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, September 19th. Six analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $162.10.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $171.31 on Wednesday. The stock's 50-day moving average is $151.12 and its 200-day moving average is $129.26. The company has a market cap of $86.14 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 1.14 and a beta of 0.46. 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 Limited has a 12 month low of $75.17 and a 12 month high of $173.50.

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 EPS for the quarter, topping 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 company's quarterly revenue was up 35.6% compared to the same quarter last year. During the same period last year, the business posted $1.07 EPS. Equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

About Agnico Eagle Mines

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.