Evergreen Capital Management LLC Trims Position in Agnico Eagle Mines Limited $AEM

Key Points

• Evergreen Capital Management LLC reduced its stake in Agnico Eagle Mines Limited by 66.9%, resulting in ownership of 8,155 shares worth approximately $884,000.
• Several institutional investors have increased or bought new positions in Agnico Eagle Mines, with hedge funds collectively owning 68.34% of the company's stock.
• Analysts have a consensus rating of "Buy" for Agnico Eagle Mines, with price targets ranging from $130.00 to $173.00, indicating positive growth expectations for the mining company's stock.

Evergreen Capital Management LLC lessened its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 66.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,155 shares of the mining company's stock after selling 16,519 shares during the period. Evergreen Capital Management LLC's holdings in Agnico Eagle Mines were worth $884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of AEM. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Agnico Eagle Mines during the 1st quarter worth $26,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Agnico Eagle Mines during the 1st quarter worth $26,000. Private Trust Co. NA raised 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 worth $31,000 after acquiring an additional 232 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines during the 1st quarter worth $34,000. Finally, Dagco Inc. purchased a new position in shares of Agnico Eagle Mines during the 1st quarter worth $39,000. Hedge funds and other institutional investors own 68.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AEM. National Bankshares reiterated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Royal Bank Of Canada boosted their price objective on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. TD Securities upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Thursday, July 17th. Raymond James Financial upgraded shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price objective on the stock in a report on Monday, June 30th. Finally, Bank of America boosted their price objective on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Five investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $136.90.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $144.23 on Friday. The company has a market cap of $72.52 billion, a P/E ratio of 24.53, a P/E/G ratio of 0.99 and a beta of 0.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. The stock has a 50-day moving average of $127.10 and a two-hundred day moving average of $116.11. Agnico Eagle Mines Limited has a 1-year low of $75.17 and a 1-year high of $144.78.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate 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 was up 35.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 EPS. As a group, analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Company 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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