8,393 Shares in Agnico Eagle Mines Limited $AEM Acquired by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,393 shares of the mining company’s stock, valued at approximately $998,000.

A number of other institutional investors and hedge funds have also modified their holdings of AEM. Ascent Group LLC acquired a new position in Agnico Eagle Mines during the second quarter valued at approximately $235,000. Ameritas Advisory Services LLC acquired a new position in Agnico Eagle Mines during the second quarter valued at approximately $25,000. Synergy Asset Management LLC acquired a new position in Agnico Eagle Mines during the second quarter valued at approximately $3,618,000. Cromwell Holdings LLC grew its holdings in Agnico Eagle Mines by 29.7% during the second quarter. Cromwell Holdings LLC now owns 1,108 shares of the mining company’s stock valued at $132,000 after purchasing an additional 254 shares during the period. Finally, Consolidated Portfolio Review Corp acquired a new position in Agnico Eagle Mines during the second quarter valued at approximately $255,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $169.40 on Friday. The company’s fifty day simple moving average is $145.38 and its 200-day simple moving average is $126.08. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The firm has a market cap of $85.18 billion, a PE ratio of 28.81, a P/E/G ratio of 1.13 and a beta of 0.46. Agnico Eagle Mines Limited has a 12 month low of $75.17 and a 12 month high of $171.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. Equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AEM has been the subject of a number of analyst reports. Zacks Research upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Wednesday. UBS Group boosted their price objective on shares of Agnico Eagle Mines from $125.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, September 19th. TD Securities upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Thursday, July 17th. CIBC reiterated an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday, July 15th. Finally, National Bankshares reiterated an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Seven analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus 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.