Planned Solutions Inc. acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,688 shares of the mining company's stock, valued at approximately $201,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of AEM. DAVENPORT & Co LLC acquired a new position in shares of Agnico Eagle Mines in the 1st quarter valued at about $226,000. Bank of New York Mellon Corp increased its holdings in shares of Agnico Eagle Mines by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 485,317 shares of the mining company's stock valued at $52,613,000 after purchasing an additional 5,717 shares during the period. Private Trust Co. NA increased its holdings 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 purchasing an additional 232 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines in the 1st quarter valued at about $34,000. Finally, OneDigital Investment Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 1st quarter valued at about $234,000. Institutional investors and hedge funds own 68.34% of the company's stock.
Analyst Upgrades and Downgrades
AEM has been the topic of a number of research reports. UBS Group upped their target price on Agnico Eagle Mines from $160.00 to $180.00 and gave the company a "buy" rating in a report on Thursday. CIBC upped their target price on Agnico Eagle Mines from $165.00 to $231.00 and gave the company an "outperformer" rating in a report on Friday, October 10th. TD Securities upped their target price on Agnico Eagle Mines from $154.00 to $195.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Raymond James Financial upped their target price on Agnico Eagle Mines from $155.00 to $182.00 and gave the company an "outperform" rating in a report on Friday, October 10th. Finally, Citigroup boosted their price target on Agnico Eagle Mines from $140.00 to $198.00 and gave the company a "buy" rating in a research note on Wednesday. Six analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of "Buy" and a consensus price target of $175.20.
View Our Latest Analysis on AEM
Agnico Eagle Mines Trading Down 5.8%
Shares of NYSE AEM opened at $174.68 on Friday. The stock has a market cap of $87.83 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 1.16 and a beta of 0.46. The business has a 50 day simple moving average of $153.76 and a 200 day simple moving average of $130.75. Agnico Eagle Mines Limited has a 52 week low of $75.17 and a 52 week high of $187.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings results on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. The business had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.46 billion. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The firm's quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 EPS. On average, research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.
Agnico Eagle Mines Company Profile
(
Free Report)
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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