Tacita Capital Inc Purchases New Position in Agnico Eagle Mines Limited $AEM

Key Points

• Tacita Capital acquired 4,843 shares of Agnico Eagle Mines during the second quarter, valued at approximately $751,000. Institutional investors and hedge funds collectively own 68.34% of the company.
• Analyst sentiment remains broadly positive, with 12 Buy ratings, four Holds and one Sell; MarketBeat lists a “Moderate Buy” consensus and an average price target of $226, despite several recent target-price reductions.
• Agnico Eagle reported quarterly EPS of $3.05, beating estimates of $2.89, while revenue rose 35% year over year to $3.77 billion. The company posted a 40.44% net margin and analysts forecast full-year EPS of $11.56.

Tacita Capital 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 Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,843 shares of the mining company's stock, valued at approximately $751,000.

Other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Agnico Eagle Mines by 1.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,266 shares of the mining company's stock worth $893,000 after purchasing an additional 59 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Agnico Eagle Mines by 0.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,284 shares of the mining company's stock worth $2,422,000 after purchasing an additional 63 shares in the last quarter. Syon Capital LLC grew its holdings in shares of Agnico Eagle Mines by 1.8% in the 4th quarter. Syon Capital LLC now owns 3,675 shares of the mining company's stock valued at $623,000 after buying an additional 65 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Agnico Eagle Mines by 1.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,289 shares of the mining company's stock valued at $728,000 after buying an additional 67 shares during the period. Finally, Rossby Financial LCC increased its position in shares of Agnico Eagle Mines by 1.1% in the 4th quarter. Rossby Financial LCC now owns 7,061 shares of the mining company's stock valued at $1,197,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Royal Bank Of Canada reduced their target price on Agnico Eagle Mines from $230.00 to $210.00 and set a "sector perform" rating on the stock in a report on Thursday, July 9th. Canadian Imperial Bank of Commerce set a $285.00 price target on Agnico Eagle Mines in a report on Thursday, July 16th. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a "hold" rating to an "outperform" rating in a report on Monday, May 4th. Barclays dropped their price target on Agnico Eagle Mines from $210.00 to $188.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 15th. Finally, Zacks Research lowered Agnico Eagle Mines from a "hold" rating to a "strong sell" rating in a research report on Friday, July 17th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Agnico Eagle Mines presently has an average rating of "Moderate Buy" and an average target price of $226.00.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $208.04 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.02. The firm has a market cap of $105.45 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 2.32 and a beta of 0.60. The stock's 50-day moving average is $158.87 and its 200-day moving average is $186.35. Agnico Eagle Mines Limited has a one year low of $131.16 and a one year high of $255.24.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $0.16. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the company earned $1.94 earnings per share. Agnico Eagle Mines's quarterly revenue was up 35.0% on a year-over-year basis. Equities analysts predict that Agnico Eagle Mines Limited will post 11.56 earnings per share for the current fiscal year.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited NYSE: AEM is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

Want to see what other hedge funds are holding AEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source