Agnico Eagle Mines Limited $AEM Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 99.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,051 shares of the mining company’s stock after purchasing an additional 18,486 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Agnico Eagle Mines were worth $6,281,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Salvus Wealth Management LLC raised its stake in Agnico Eagle Mines by 0.9% during the fourth quarter. Salvus Wealth Management LLC now owns 6,301 shares of the mining company’s stock worth $1,068,000 after purchasing an additional 57 shares during the period. Brookwood Investment Group LLC grew its stake in shares of Agnico Eagle Mines by 4.5% during the 4th quarter. Brookwood Investment Group LLC now owns 1,361 shares of the mining company’s stock valued at $231,000 after buying an additional 58 shares during the period. Baron Wealth Management LLC increased its holdings in shares of Agnico Eagle Mines by 3.2% during the 4th quarter. Baron Wealth Management LLC now owns 1,879 shares of the mining company’s stock worth $319,000 after buying an additional 59 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Agnico Eagle Mines by 1.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,266 shares of the mining company’s stock worth $893,000 after buying an additional 59 shares during the last quarter. Finally, Baker Ellis Asset Management LLC raised its position in shares of Agnico Eagle Mines by 0.8% in the 4th quarter. Baker Ellis Asset Management LLC now owns 7,550 shares of the mining company’s stock worth $1,280,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AEM. 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. JPMorgan Chase & Co. raised their price objective on Agnico Eagle Mines from $220.00 to $222.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Barclays started coverage on Agnico Eagle Mines in a research note on Thursday, May 21st. They issued an “overweight” rating and a $213.00 price objective on the stock. TD Securities boosted their target price on Agnico Eagle Mines from $241.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Finally, Wall Street Zen raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $236.08.

Agnico Eagle Mines Stock Up 0.7%

Shares of Agnico Eagle Mines stock opened at $157.24 on Friday. The company has a fifty day moving average price of $180.30 and a 200 day moving average price of $193.98. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a twelve month low of $114.60 and a twelve month high of $255.24. The stock has a market cap of $79.81 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 3.43 and a beta of 0.56.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced 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 during the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the prior year, the firm earned $1.53 EPS. The firm’s quarterly revenue was up 66.1% compared to the same quarter last year. Equities research analysts forecast that Agnico Eagle Mines Limited will post 13.2 earnings per share for the current fiscal year.

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.