Agnico Eagle Mines Limited $AEM Shares Sold by Guardian Partners Inc.

Key Points

• Guardian Partners Inc. reduced its holdings in Agnico Eagle Mines Limited by 4.3%, now owning 50,487 shares valued at approximately $5.76 million.
• Agnico Eagle Mines' stock received several rating changes from analysts, with a consensus rating of "Buy" and an average price target of $136.90.
• In its most recent earnings report, Agnico Eagle Mines surpassed expectations with an earnings per share (EPS) of $1.94, significantly higher than the forecasted $1.83.

Guardian Partners Inc. lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 4.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,487 shares of the mining company's stock after selling 2,244 shares during the period. Guardian Partners Inc.'s holdings in Agnico Eagle Mines were worth $5,764,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AEM. MJT & Associates Financial Advisory Group Inc. purchased a new position in Agnico Eagle Mines in the first quarter valued at approximately $26,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Agnico Eagle Mines in the 1st quarter valued at $26,000. Private Trust Co. NA boosted its holdings in shares of Agnico Eagle Mines by 454.9% in the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock valued at $31,000 after buying an additional 232 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines in the 1st quarter valued at $34,000. Finally, Dagco Inc. acquired a new stake in Agnico Eagle Mines during the 1st quarter worth $39,000. Hedge funds and other institutional investors own 68.34% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. 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 report on Monday, June 30th. Zacks Research cut Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. TD Securities raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Thursday, July 17th. National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. Finally, Bank of America lifted 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $136.90.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $151.93 on Monday. 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 $76.39 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 1.04 and a beta of 0.44. The firm's fifty day moving average price is $129.88 and its 200 day moving average price is $118.01. Agnico Eagle Mines Limited has a 1-year low of $75.17 and a 1-year high of $152.75.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.83 by $0.11. The company had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The business's revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the business earned $1.07 EPS. On average, sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

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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