Marks Group Wealth Management Inc Makes New $229,000 Investment in Agnico Eagle Mines Limited $AEM

Key Points

• Marks Group Wealth Management Inc has made a new investment of approximately $229,000 in Agnico Eagle Mines Limited, acquiring 1,926 shares in the second quarter.
• Agnico Eagle Mines reported $1.94 earnings per share for the last quarter, exceeding analysts' expectations of $1.83, alongside a revenue of $2.86 billion.
• The stock of Agnico Eagle Mines has a current market cap of $85.70 billion and has been rated as a "Buy" by several analysts, with a consensus target price of $141.40.

Marks Group Wealth Management Inc bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,926 shares of the mining company's stock, valued at approximately $229,000.

Several other large investors have also recently made changes to their positions in AEM. Ameritas Advisory Services LLC purchased a new position in Agnico Eagle Mines in the second quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Agnico Eagle Mines during the 1st quarter valued at about $26,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Agnico Eagle Mines in the 1st quarter valued at about $26,000. Private Trust Co. NA raised its holdings in Agnico Eagle Mines by 454.9% in the 1st 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. Finally, Golden State Wealth Management LLC purchased a new position in Agnico Eagle Mines during the first quarter worth approximately $34,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Up 0.6%

AEM stock opened at $170.45 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $146.31 and a two-hundred day moving average of $126.83. Agnico Eagle Mines Limited has a 12 month low of $75.17 and a 12 month high of $172.21. The company has a market cap of $85.70 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.14 and a beta of 0.46.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the business earned $1.07 earnings per share. The business's revenue was up 35.6% compared to the same quarter last year. As a group, analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. Lake Street Capital reissued a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Raymond James Financial raised 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. Weiss Ratings reissued a "buy (a)" rating on shares of Agnico Eagle Mines in a research note on Saturday, September 27th. Finally, Bank of America raised their price target 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. Seven research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price 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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