Ascent Group LLC Makes New Investment in Agnico Eagle Mines Limited $AEM

Ascent Group LLC purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,974 shares of the mining company's stock, valued at approximately $235,000.

Several other institutional investors have also made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at about $25,000. Synergy Asset Management LLC acquired a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at about $3,618,000. Cromwell Holdings LLC boosted its position in shares of Agnico Eagle Mines by 29.7% during the 2nd quarter. Cromwell Holdings LLC now owns 1,108 shares of the mining company's stock valued at $132,000 after acquiring an additional 254 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at about $255,000. Finally, LBP AM SA boosted its position in shares of Agnico Eagle Mines by 52.6% during the 2nd quarter. LBP AM SA now owns 260,177 shares of the mining company's stock valued at $30,943,000 after acquiring an additional 89,691 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Up 2.0%

Shares of Agnico Eagle Mines stock opened at $169.63 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03. Agnico Eagle Mines Limited has a 52-week low of $75.17 and a 52-week high of $172.21. The stock has a market capitalization of $85.29 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 1.11 and a beta of 0.46. The company's 50 day moving average price is $148.04 and its 200-day moving average price is $127.40.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. The firm had revenue of $2.86 billion for 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 earnings per share. Equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Raymond James Financial upgraded shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 target price on the stock in a research report on Monday, June 30th. Zacks Research upgraded shares of Agnico Eagle Mines from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. TD Securities lifted their price target on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the company a "buy" rating in a report on Wednesday. UBS Group lifted their price target on shares of Agnico Eagle Mines from $125.00 to $160.00 and gave the company a "neutral" rating in a report on Friday, September 19th. Finally, CIBC reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, July 15th. Six research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $150.30.

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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