Agnico Eagle Mines Limited $AEM Shares Bought by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA significantly increased its stake in Agnico Eagle Mines Limited by 6,778.8% during Q1, owning a total of 2,270 shares worth $228,000.
• Agnico Eagle Mines reported a quarterly EPS of $1.94, surpassing analysts' expectations, with revenue raising 35.6% year-over-year to $2.86 billion.
• Analyst ratings for Agnico Eagle Mines vary, with five analysts indicating a Strong Buy, while Zacks downgraded the stock to a Hold rating.

Banque Transatlantique SA grew its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 6,778.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,270 shares of the mining company's stock after buying an additional 2,237 shares during the period. Banque Transatlantique SA's holdings in Agnico Eagle Mines were worth $228,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Agnico Eagle Mines by 1.5% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company's stock worth $618,000 after acquiring an additional 85 shares during the period. Hexagon Capital Partners LLC raised its position in Agnico Eagle Mines by 31.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company's stock worth $40,000 after buying an additional 87 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Agnico Eagle Mines by 2.0% in the 4th quarter. Benjamin Edwards Inc. now owns 5,472 shares of the mining company's stock worth $428,000 after acquiring an additional 106 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its holdings in shares of Agnico Eagle Mines by 1.8% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,944 shares of the mining company's stock valued at $543,000 after acquiring an additional 120 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Agnico Eagle Mines by 19.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 774 shares of the mining company's stock worth $84,000 after acquiring an additional 125 shares during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Down 0.1%

Shares of Agnico Eagle Mines stock traded down $0.15 during trading hours on Wednesday, reaching $152.60. The stock had a trading volume of 1,058,019 shares, compared to its average volume of 2,927,722. The firm has a market capitalization of $76.73 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 1.06 and a beta of 0.45. Agnico Eagle Mines Limited has a 1 year low of $75.17 and a 1 year 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. The firm has a 50 day simple moving average of $131.29 and a two-hundred day simple moving average of $118.66.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the firm earned $1.07 earnings per share. Agnico Eagle Mines's revenue for the quarter was up 35.6% on a year-over-year basis. As a group, equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AEM shares. Royal Bank Of Canada upped their price target on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Zacks Research lowered shares of Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. TD Securities upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Thursday, July 17th. Raymond James Financial raised Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price objective for the company in a research note on Monday, June 30th. Finally, CIBC reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday, July 15th. Five 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, Agnico Eagle Mines currently has a consensus rating of "Buy" and an average target price of $136.90.

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.