Marks Group Wealth Management Inc Has $1.44 Million Holdings in Agnico Eagle Mines Limited $AEM

Marks Group Wealth Management Inc boosted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 125.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,470 shares of the mining company’s stock after acquiring an additional 4,711 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Agnico Eagle Mines were worth $1,436,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Abound Wealth Management boosted its position in Agnico Eagle Mines by 99.0% during the 4th quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock worth $35,000 after acquiring an additional 104 shares during the period. Lodestone Wealth Management LLC acquired a new stake in Agnico Eagle Mines during the 4th quarter worth about $35,000. Caitlin John LLC acquired a new stake in Agnico Eagle Mines during the 3rd quarter worth about $36,000. Bangor Savings Bank acquired a new stake in Agnico Eagle Mines during the 4th quarter worth about $37,000. Finally, Addison Advisors LLC raised its stake in shares of Agnico Eagle Mines by 94.1% during the 3rd quarter. Addison Advisors LLC now owns 229 shares of the mining company’s stock worth $39,000 after purchasing an additional 111 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 1.5%

Shares of AEM stock opened at $159.65 on Wednesday. The stock’s 50 day simple moving average is $192.71 and its 200 day simple moving average is $194.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. Agnico Eagle Mines Limited has a twelve month low of $114.60 and a twelve month high of $255.24. The company has a market capitalization of $79.90 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 3.57 and a beta of 0.56.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The firm’s revenue was up 66.1% compared to the same quarter last year. During the same period last year, the business earned $1.53 EPS. As a group, research analysts predict that Agnico Eagle Mines Limited will post 13.18 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AEM shares. Zacks Research downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. JPMorgan Chase & Co. raised their price target on Agnico Eagle Mines from $220.00 to $222.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Wall Street Zen downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings downgraded Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $280.00 price target on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. One research 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $236.08.

About Agnico Eagle Mines

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.