U.S. Capital Wealth Advisors LLC Sells 6,517 Shares of Agnico Eagle Mines Limited $AEM

Key Points

• U.S. Capital Wealth Advisors LLC has sold 6,517 shares of Agnico Eagle Mines Limited, reducing its holdings by 69.9% during the second quarter, leaving it with 2,805 shares valued at $334,000.
• Significant institutional investors, including Massachusetts Financial Services and TD Asset Management, have increased their positions in Agnico Eagle Mines, reflecting a positive sentiment towards the stock.
• Agnico Eagle Mines reported earnings of $1.94 per share for the last quarter, surpassing expectations and showing a 35.6% year-over-year revenue increase to $2.86 billion.

U.S. Capital Wealth Advisors LLC decreased its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 69.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,805 shares of the mining company's stock after selling 6,517 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Agnico Eagle Mines were worth $334,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of Agnico Eagle Mines by 3.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company's stock valued at $1,457,160,000 after acquiring an additional 499,362 shares during the last quarter. TD Asset Management Inc raised its position in Agnico Eagle Mines by 42.8% in 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 during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in 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 worth $728,214,000 after purchasing an additional 673,400 shares during the period. Canada Pension Plan Investment Board raised its position in Agnico Eagle Mines by 57.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company's stock worth $254,029,000 after purchasing an additional 854,924 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Agnico Eagle Mines by 10.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,977,395 shares of the mining company's stock worth $214,361,000 after purchasing an additional 189,935 shares during the period. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $163.47 on Friday. The firm has a market cap of $82.19 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 1.07 and a beta of 0.45. The company's 50 day moving average is $141.14 and its 200 day moving average is $123.84. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. Agnico Eagle Mines Limited has a 52-week low of $75.17 and a 52-week high of $164.64.

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 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. Agnico Eagle Mines's revenue was up 35.6% compared to the same quarter last year. During the same period last year, the firm earned $1.07 earnings per share. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Bank of America increased their price objective 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. Lake Street Capital reissued a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. Finally, UBS Group increased their price objective on shares of Agnico Eagle Mines from $125.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Five research 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's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $141.40.

Agnico Eagle Mines Company Profile

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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