Klein Pavlis & Peasley Financial Inc. Cuts Stock Position in Agnico Eagle Mines Limited $AEM

Key Points

• Klein Pavlis & Peasley Financial Inc. reduced its stake in Agnico Eagle Mines by 5.1%, holding now 66,161 shares valued at approximately $7.87 million.
• Various major investors, including TD Asset Management and Canada Pension Plan Investment Board, have increased their positions in Agnico Eagle Mines, indicating strong institutional interest.
• Agnico Eagle Mines reported an earnings per share of $1.94 for the last quarter, exceeding expectations, with revenues reaching $2.86 billion and a year-over-year increase of 35.6%.

Klein Pavlis & Peasley Financial Inc. cut its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 5.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 66,161 shares of the mining company's stock after selling 3,521 shares during the quarter. Agnico Eagle Mines comprises 5.3% of Klein Pavlis & Peasley Financial Inc.'s holdings, making the stock its 3rd biggest position. Klein Pavlis & Peasley Financial Inc.'s holdings in Agnico Eagle Mines were worth $7,869,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AEM. Massachusetts Financial Services Co. MA raised its holdings in shares of Agnico Eagle Mines by 3.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company's stock worth $1,457,160,000 after acquiring an additional 499,362 shares during the period. TD Asset Management Inc increased its holdings in Agnico Eagle Mines by 42.8% during the 1st quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company's stock worth $978,553,000 after purchasing an additional 2,709,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Agnico Eagle Mines by 11.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company's stock valued at $728,214,000 after purchasing an additional 673,400 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Agnico Eagle Mines by 57.4% in the first quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company's stock valued at $254,029,000 after purchasing an additional 854,924 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Agnico Eagle Mines by 10.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,977,395 shares of the mining company's stock worth $214,361,000 after buying an additional 189,935 shares during the period. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $163.47 on Monday. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $82.19 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 1.10 and a beta of 0.44. Agnico Eagle Mines Limited has a twelve month low of $75.17 and a twelve month high of $164.64. The company has a 50-day simple moving average of $141.14 and a two-hundred day simple moving average of $124.15.

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. The company had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The business's revenue for the quarter was up 35.6% on a year-over-year basis. During the same period last year, the firm earned $1.07 earnings per share. Analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. Bank of America boosted their price target on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. CIBC restated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, July 15th. Lake Street Capital reiterated a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Finally, Royal Bank Of Canada raised their price target on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Five investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $141.40.

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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