Cambridge Investment Research Advisors Inc. Sells 3,960 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Cambridge Investment Research Advisors Inc. reduced its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,511 shares of the mining company’s stock after selling 3,960 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Agnico Eagle Mines were worth $2,953,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Banque Cantonale Vaudoise boosted its position in Agnico Eagle Mines by 2.8% in the first quarter. Banque Cantonale Vaudoise now owns 6,190 shares of the mining company’s stock valued at $369,000 after buying an additional 169 shares in the last quarter. Gulf International Bank UK Ltd boosted its holdings in shares of Agnico Eagle Mines by 4.7% in the 1st quarter. Gulf International Bank UK Ltd now owns 5,030 shares of the mining company’s stock worth $300,000 after acquiring an additional 226 shares in the last quarter. Natixis Advisors L.P. grew its position in Agnico Eagle Mines by 1.3% during the 3rd quarter. Natixis Advisors L.P. now owns 18,206 shares of the mining company’s stock worth $827,000 after acquiring an additional 242 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in Agnico Eagle Mines by 2.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 16,031 shares of the mining company’s stock valued at $879,000 after purchasing an additional 339 shares in the last quarter. Finally, Chilton Capital Management LLC increased its holdings in Agnico Eagle Mines by 13.3% during the 4th quarter. Chilton Capital Management LLC now owns 3,191 shares of the mining company’s stock valued at $175,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AEM. Citigroup increased their target price on Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Jefferies Financial Group raised their price objective on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. CIBC increased their price target on shares of Agnico Eagle Mines from $80.00 to $81.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. BMO Capital Markets boosted their price objective on shares of Agnico Eagle Mines from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Finally, TD Securities increased their price objective on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average price target of $72.22.

Agnico Eagle Mines Trading Down 0.9 %

NYSE AEM traded down $0.57 on Tuesday, reaching $64.67. The company had a trading volume of 1,684,586 shares, compared to its average volume of 3,081,691. Agnico Eagle Mines Limited has a 52 week low of $43.22 and a 52 week high of $71.50. The stock’s 50 day moving average is $65.40 and its 200-day moving average is $56.79. The company has a quick ratio of 0.88, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. The stock has a market cap of $32.30 billion, a price-to-earnings ratio of 68.07, a PEG ratio of 0.66 and a beta of 1.11.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.16. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. Agnico Eagle Mines’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. Equities analysts predict that Agnico Eagle Mines Limited will post 3.2 earnings per share for the current 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.