Kestra Advisory Services LLC Has $1.38 Million Stock Holdings in Agnico Eagle Mines Limited $AEM

Key Points

• Kestra Advisory Services LLC has reduced its stake in Agnico Eagle Mines Limited by 49.5%, holding 12,725 shares valued at $1.38 million.
• Agnico Eagle Mines has reported a quarterly earnings per share of $1.94, exceeding estimates, with revenue up 35.6% year-over-year at $2.86 billion.
• The stock of Agnico Eagle Mines is currently rated as a "Buy" by analysts, with a consensus target price of $136.90.

Kestra Advisory Services LLC decreased its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 49.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,725 shares of the mining company's stock after selling 12,469 shares during the quarter. Kestra Advisory Services LLC's holdings in Agnico Eagle Mines were worth $1,380,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Agnico Eagle Mines during the first quarter valued at about $26,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Agnico Eagle Mines during the first quarter valued at approximately $26,000. Private Trust Co. NA lifted its position in shares of Agnico Eagle Mines by 454.9% in the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock valued at $31,000 after acquiring an additional 232 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Agnico Eagle Mines in the 1st quarter worth approximately $34,000. Finally, Dagco Inc. purchased a new position in Agnico Eagle Mines during the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Up 3.7%

Shares of Agnico Eagle Mines stock opened at $144.23 on Monday. The firm has a market cap of $72.52 billion, a price-to-earnings ratio of 24.53, a P/E/G ratio of 0.99 and a beta of 0.44. The stock has a 50-day simple moving average of $127.10 and a 200-day simple moving average of $116.22. Agnico Eagle Mines Limited has a 52-week low of $75.17 and a 52-week high of $144.78. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings data 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 firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The company's revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 earnings per share. On average, equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. TD Securities raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Thursday, July 17th. Lake Street Capital reaffirmed a "buy" rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Royal Bank Of Canada upped their target price on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Raymond James Financial raised shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price target for the company in a research report on Monday, June 30th. Five analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price 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.

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