Campbell & CO Investment Adviser LLC Makes New Investment in Agnico Eagle Mines Limited $AEM

Key Points

• Campbell & CO Investment Adviser LLC acquired 25,208 shares of Agnico Eagle Mines Limited, valued at approximately $2.73 million, indicating significant institutional interest in the mining company.
• Agnico Eagle Mines received positive ratings from multiple analysts, with Royal Bank Of Canada raising its price target to $145.00 and a consensus price target of $136.90.
• The company's latest quarterly earnings report showed a 35.6% year-over-year revenue increase to $2.86 billion, surpassing estimates and demonstrating strong financial performance.

Campbell & CO Investment Adviser LLC acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 25,208 shares of the mining company's stock, valued at approximately $2,733,000.

Several other large investors have also made changes to their positions in the business. Quantitative Investment Management LLC lifted its position in shares of Agnico Eagle Mines by 393.6% during the 1st quarter. Quantitative Investment Management LLC now owns 20,080 shares of the mining company's stock worth $2,176,000 after purchasing an additional 16,012 shares during the last quarter. SVB Wealth LLC acquired a new stake in Agnico Eagle Mines in the 1st quarter worth $86,000. Northwestern Mutual Wealth Management Co. grew its position in Agnico Eagle Mines by 51.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,347 shares of the mining company's stock worth $254,000 after purchasing an additional 800 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Agnico Eagle Mines by 35.8% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,113,482 shares of the mining company's stock worth $120,657,000 after purchasing an additional 293,277 shares during the last quarter. Finally, Groupe la Francaise raised its holdings in Agnico Eagle Mines by 8.9% in the 1st quarter. Groupe la Francaise now owns 155,851 shares of the mining company's stock valued at $16,713,000 after acquiring an additional 12,691 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. CIBC reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, July 15th. TD Securities upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Thursday, July 17th. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Bank of America increased their target price on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, Royal Bank Of Canada increased their target price on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Five research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $136.90.

Agnico Eagle Mines Price Performance

NYSE AEM traded down $0.39 during trading hours on Thursday, reaching $139.11. 1,850,313 shares of the company's stock were exchanged, compared to its average volume of 2,923,017. The stock has a market cap of $69.95 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 0.96 and a beta of 0.44. Agnico Eagle Mines Limited has a one year low of $75.17 and a one year high of $140.45. The firm has a fifty day moving average of $126.30 and a 200-day moving average of $115.42. 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 released its quarterly earnings results 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 business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.46 billion. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.Agnico Eagle Mines's revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 EPS. On average, equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal 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.