Union Bancaire Privee UBP SA Cuts Stake in Agnico Eagle Mines Limited $AEM

Key Points

• Union Bancaire Privee UBP SA has reduced its stake in Agnico Eagle Mines by 35.9% during the second quarter, leaving it with 4,374 shares valued at approximately $520,000.
• Many large investors have shown interest in Agnico Eagle Mines, with notable increases in holdings from firms such as Sumitomo Mitsui DS Asset Management and Continuum Advisory, reflecting institutional ownership at 68.34%.
• Analysts have set new price targets for Agnico Eagle Mines, with UBS Group raising its target from $125.00 to $160.00, while the stock currently holds a consensus rating of "Buy" with an average target price of $141.40.

Union Bancaire Privee UBP SA lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 35.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,374 shares of the mining company's stock after selling 2,446 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Agnico Eagle Mines were worth $520,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Agnico Eagle Mines by 1.5% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company's stock valued at $618,000 after acquiring an additional 85 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Agnico Eagle Mines by 31.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company's stock worth $40,000 after purchasing an additional 87 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of Agnico Eagle Mines by 47.0% during the 1st quarter. Continuum Advisory LLC now owns 397 shares of the mining company's stock worth $43,000 after purchasing an additional 127 shares during the last quarter. Sapient Capital LLC boosted its stake in shares of Agnico Eagle Mines by 1.2% during the 1st quarter. Sapient Capital LLC now owns 10,984 shares of the mining company's stock worth $1,191,000 after purchasing an additional 128 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Agnico Eagle Mines by 2.0% during the 1st quarter. US Bancorp DE now owns 6,908 shares of the mining company's stock worth $749,000 after purchasing an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Analysts Set New Price Targets

AEM has been the topic of several analyst reports. UBS Group raised their price target on shares of Agnico Eagle Mines from $125.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, September 19th. CIBC reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, July 15th. Royal Bank Of Canada raised their price target on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Lake Street Capital reaffirmed a "buy" rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Finally, Raymond James Financial raised shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price target on the stock in a research note on Monday, June 30th. Five analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $141.40.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $170.31 on Thursday. Agnico Eagle Mines Limited has a 1 year low of $75.17 and a 1 year high of $171.45. The firm has a 50 day moving average price of $143.69 and a 200 day moving average price of $125.21. The company has a market cap of $85.63 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 1.13 and a beta of 0.46. 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 released its 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 net margin of 30.63% and a return on equity of 13.79%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the firm earned $1.07 earnings per share. Agnico Eagle Mines's revenue was up 35.6% compared to the same quarter last year. Sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

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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