Capital Management Corp VA grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 1.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 146,829 shares of the mining company's stock after purchasing an additional 1,532 shares during the period. Agnico Eagle Mines makes up about 3.0% of Capital Management Corp VA's portfolio, making the stock its 9th biggest position. Capital Management Corp VA's holdings in Agnico Eagle Mines were worth $17,462,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new position in Agnico Eagle Mines in the second quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Agnico Eagle Mines in the first quarter worth about $26,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Agnico Eagle Mines in the 1st quarter valued at approximately $26,000. Private Trust Co. NA grew its holdings in shares of Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines during the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 68.34% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Bank of America increased their price objective on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Zacks Research upgraded shares of Agnico Eagle Mines from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. Weiss Ratings reissued a "buy (a)" rating on shares of Agnico Eagle Mines in a report on Wednesday, October 8th. CIBC boosted their price objective on Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an "outperformer" rating in a research report on Friday, October 10th. Finally, UBS Group upped their target price on Agnico Eagle Mines from $125.00 to $160.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Six investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $162.10.
Read Our Latest Stock Report on AEM
Agnico Eagle Mines Stock Performance
Shares of Agnico Eagle Mines stock opened at $171.31 on Wednesday. The stock has a market cap of $86.14 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 1.14 and a beta of 0.46. Agnico Eagle Mines Limited has a twelve month low of $75.17 and a twelve month high of $173.50. The company's fifty day moving average is $151.12 and its 200 day moving average is $129.26. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced 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. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the business earned $1.07 EPS. The business's quarterly revenue was up 35.6% compared to the same quarter last year. Sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.
About Agnico Eagle Mines
(
Free Report)
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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