Agnico Eagle Mines Limited $AEM Shares Sold by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC reduced its stake in Agnico Eagle Mines by 39.2% during the first quarter, now holding 42,317 shares valued at approximately $4.59 million.
• Other institutional investors, like TD Asset Management Inc and Canada Pension Plan Investment Board, increased their positions in Agnico Eagle Mines, with TD growing their stake by 42.8%.
• Agnico Eagle Mines’ recent quarterly earnings beat analysts’ expectations, reporting $1.94 earnings per share and revenues of $2.86 billion, marking a year-over-year revenue increase of 35.6%.

Ashton Thomas Private Wealth LLC lessened its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 39.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,317 shares of the mining company's stock after selling 27,230 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Agnico Eagle Mines were worth $4,588,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. TD Asset Management Inc boosted its holdings in 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 period. Canada Pension Plan Investment Board boosted its holdings in Agnico Eagle Mines by 57.4% during the first quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company's stock valued at $254,029,000 after purchasing an additional 854,924 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Agnico Eagle Mines in the 1st quarter valued at $85,926,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Agnico Eagle Mines by 11.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company's stock worth $728,214,000 after purchasing an additional 673,400 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Agnico Eagle Mines during the 4th quarter valued at about $46,799,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

NYSE AEM traded up $0.85 during trading hours on Thursday, hitting $153.67. 2,549,755 shares of the company's stock traded hands, compared to its average volume of 2,449,836. The business's fifty day moving average price is $132.64 and its two-hundred day moving average price is $119.28. The firm has a market capitalization of $77.27 billion, a P/E ratio of 26.13, a P/E/G ratio of 1.05 and a beta of 0.45. Agnico Eagle Mines Limited has a 52 week low of $75.17 and a 52 week high of $156.18. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03.

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, topping analysts' consensus estimates of $1.83 by $0.11. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the business posted $1.07 earnings per share. The company's revenue was up 35.6% on a year-over-year basis. Equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analyst Ratings Changes

AEM has been the topic of several research analyst reports. National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Raymond James Financial raised Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 target price for the company in a report on Monday, June 30th. Royal Bank Of Canada raised their price objective on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. TD Securities raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Thursday, July 17th. Finally, Bank of America raised their target price on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Agnico Eagle Mines currently has an average rating of "Buy" and an average price target of $136.90.

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.