Agnico Eagle Mines Limited $AEM Stock Position Raised by Legal & General Group Plc

Legal & General Group Plc boosted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,140,771 shares of the mining company’s stock after purchasing an additional 305,061 shares during the period. Legal & General Group Plc owned 0.62% of Agnico Eagle Mines worth $373,460,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AEM. Cadinha & Co. LLC boosted its position in shares of Agnico Eagle Mines by 2.8% in the second quarter. Cadinha & Co. LLC now owns 3,211 shares of the mining company’s stock worth $382,000 after buying an additional 86 shares during the period. City State Bank boosted its position in Agnico Eagle Mines by 69.2% during the 2nd quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after acquiring an additional 110 shares during the period. Wedbush Securities Inc. grew its stake in Agnico Eagle Mines by 2.3% during the 2nd quarter. Wedbush Securities Inc. now owns 5,003 shares of the mining company’s stock valued at $595,000 after acquiring an additional 113 shares in the last quarter. US Bancorp DE increased its holdings in shares of Agnico Eagle Mines by 2.0% in the 1st quarter. US Bancorp DE now owns 6,908 shares of the mining company’s stock valued at $749,000 after purchasing an additional 138 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Agnico Eagle Mines by 8.2% in the second quarter. Parallel Advisors LLC now owns 1,871 shares of the mining company’s stock worth $223,000 after purchasing an additional 142 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. CIBC boosted their price objective on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Zacks Research cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Wall Street Zen raised shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Saturday. UBS Group lifted their price objective on Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of Agnico Eagle Mines in a research note on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average price target of $184.50.

Agnico Eagle Mines Stock Up 0.8%

AEM stock opened at $159.82 on Friday. The firm has a market cap of $80.17 billion, a PE ratio of 23.33, a PEG ratio of 0.70 and a beta of 0.45. Agnico Eagle Mines Limited has a 1 year low of $76.91 and a 1 year high of $187.50. The company has a fifty day simple moving average of $164.52 and a 200 day simple moving average of $139.52. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.76 by $0.40. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.97%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the business posted $1.14 earnings per share. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

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.