Kingstone Capital Partners Texas LLC Purchases Shares of 277,248 Agnico Eagle Mines Limited $AEM

Key Points

• Kingstone Capital Partners Texas LLC invested $32.97 million in Agnico Eagle Mines Limited by acquiring 277,248 shares in the second quarter, representing about 0.06% ownership of the company.
• Research firms have recently varied in their ratings for Agnico Eagle Mines, with TD Securities upgrading to a "strong-buy" while Zacks downgraded to a "hold." The stock currently enjoys an average rating of "Buy" and an average price target of $141.40.
• Agnico Eagle Mines reported a 35.6% increase in quarterly revenue over the previous year, achieving $2.86 billion in revenue and an earnings per share (EPS) of $1.94.

Kingstone Capital Partners Texas LLC acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 277,248 shares of the mining company's stock, valued at approximately $32,973,000. Kingstone Capital Partners Texas LLC owned about 0.06% of Agnico Eagle Mines at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Agnico Eagle Mines in the first quarter worth $26,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Agnico Eagle Mines in the first quarter worth $26,000. Private Trust Co. NA increased its holdings in shares of Agnico Eagle Mines by 454.9% in the first quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock worth $31,000 after purchasing an additional 232 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Agnico Eagle Mines in the first quarter worth $34,000. Finally, Dagco Inc. bought a new position in shares of Agnico Eagle Mines in the first quarter worth $39,000. Institutional investors own 68.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AEM shares. National Bankshares reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. TD Securities upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Thursday, July 17th. UBS Group upped their target price on shares of Agnico Eagle Mines from $125.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday. CIBC reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday, July 15th. Finally, Royal Bank Of Canada upped their target price on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Five analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $141.40.

Agnico Eagle Mines Stock Up 0.9%

Shares of NYSE:AEM traded up $1.40 during trading on Tuesday, reaching $162.59. 1,134,054 shares of the stock traded hands, compared to its average volume of 2,976,643. The stock has a 50-day moving average of $137.76 and a two-hundred day moving average of $122.45. Agnico Eagle Mines Limited has a 52-week low of $75.17 and a 52-week high of $164.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03. The stock has a market cap of $81.75 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 1.08 and a beta of 0.44.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results 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 for the quarter, compared to analysts' expectations of $2.46 billion. During the same quarter last year, the company posted $1.07 earnings per share. The firm's quarterly revenue was up 35.6% on a year-over-year basis. As a group, sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

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.