Oppenheimer & Close LLC Has $8.02 Million Holdings in Agnico Eagle Mines Limited $AEM

Oppenheimer & Close LLC lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 17.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,331 shares of the mining company’s stock after selling 9,665 shares during the quarter. Agnico Eagle Mines comprises 5.5% of Oppenheimer & Close LLC’s holdings, making the stock its 2nd biggest position. Oppenheimer & Close LLC’s holdings in Agnico Eagle Mines were worth $8,024,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Agnico Eagle Mines by 42.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock worth $11,088,000 after purchasing an additional 19,647 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Agnico Eagle Mines by 1.5% during the third quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock worth $1,600,436,000 after purchasing an additional 143,645 shares during the last quarter. Gunderson Capital Management Inc. boosted its holdings in Agnico Eagle Mines by 187.6% in the fourth quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock valued at $8,155,000 after acquiring an additional 31,378 shares during the last quarter. AustralianSuper Pty Ltd bought a new stake in Agnico Eagle Mines in the third quarter valued at approximately $23,958,000. Finally, TB Alternative Assets Ltd. boosted its holdings in Agnico Eagle Mines by 34.2% in the fourth quarter. TB Alternative Assets Ltd. now owns 229,630 shares of the mining company’s stock valued at $38,929,000 after acquiring an additional 58,490 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $183.56 on Friday. Agnico Eagle Mines Limited has a 52-week low of $114.60 and a 52-week high of $255.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. The business’s 50 day moving average price is $195.01 and its two-hundred day moving average price is $194.38. The firm has a market cap of $91.87 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 3.88 and a beta of 0.58.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the firm earned $1.53 earnings per share. The company’s revenue was up 66.1% compared to the same quarter last year. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post 13.14 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. TD Securities upped their target price on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. UBS Group reduced their target price on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Erste Group Bank cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Canadian Imperial Bank of Commerce upped their target price on Agnico Eagle Mines from C$304.00 to C$310.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Scotiabank reiterated an “outperform” rating and issued a $280.00 target price on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $236.08.

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.