Agnico Eagle Mines Limited $AEM Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI cut its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 9.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,660 shares of the mining company’s stock after selling 3,168 shares during the period. Parsons Capital Management Inc. RI’s holdings in Agnico Eagle Mines were worth $3,527,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AEM. Brighton Jones LLC boosted its stake in Agnico Eagle Mines by 11.5% in the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock worth $252,000 after purchasing an additional 331 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Agnico Eagle Mines during the 4th quarter valued at approximately $1,315,000. Wealth Enhancement Advisory Services LLC lifted its stake in Agnico Eagle Mines by 37.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,997 shares of the mining company’s stock valued at $2,424,000 after acquiring an additional 8,390 shares during the period. GAMMA Investing LLC lifted its stake in Agnico Eagle Mines by 10,740.0% during the 1st quarter. GAMMA Investing LLC now owns 1,626 shares of the mining company’s stock valued at $176,000 after acquiring an additional 1,611 shares during the period. Finally, Veracity Capital LLC lifted its stake in Agnico Eagle Mines by 7.7% during the 1st quarter. Veracity Capital LLC now owns 3,178 shares of the mining company’s stock valued at $345,000 after acquiring an additional 226 shares during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

NYSE:AEM opened at $170.31 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. The firm has a market cap of $85.63 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 1.13 and a beta of 0.46. The company has a 50 day moving average price of $143.69 and a 200-day moving average price of $125.21. Agnico Eagle Mines Limited has a 1-year low of $75.17 and a 1-year high of $171.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted 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 firm had revenue of $2.86 billion during 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 business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 EPS. Equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on AEM shares. Royal Bank Of Canada lifted their price objective on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. UBS Group lifted their price objective on shares of Agnico Eagle Mines from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Zacks Research cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. Raymond James Financial upgraded shares of Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 price objective for the company in a research note on Monday, June 30th. Finally, Lake Street Capital restated a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $141.40.

Agnico Eagle Mines 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.