Guardian Partners Inc. Buys 19,084 Shares of Agnico Eagle Mines Limited $AEM

Guardian Partners Inc. increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 43.0% during the first quarter, HoldingsChannel.com reports. The fund owned 63,453 shares of the mining company’s stock after acquiring an additional 19,084 shares during the period. Guardian Partners Inc.’s holdings in Agnico Eagle Mines were worth $12,877,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Brookwood Investment Group LLC increased its holdings in shares of Agnico Eagle Mines by 4.5% in the fourth quarter. Brookwood Investment Group LLC now owns 1,361 shares of the mining company’s stock worth $231,000 after purchasing an additional 58 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position 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 valued at $893,000 after acquiring an additional 59 shares during the last quarter. Baker Ellis Asset Management LLC grew its holdings in shares of Agnico Eagle Mines by 0.8% during the fourth quarter. Baker Ellis Asset Management LLC now owns 7,550 shares of the mining company’s stock worth $1,280,000 after purchasing an additional 63 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Agnico Eagle Mines by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,284 shares of the mining company’s stock worth $2,422,000 after buying an additional 63 shares in the last quarter. Finally, Syon Capital LLC increased its holdings in shares of Agnico Eagle Mines by 1.8% in the 4th quarter. Syon Capital LLC now owns 3,675 shares of the mining company’s stock worth $623,000 after buying an additional 65 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $143.77 on Wednesday. The business has a 50 day moving average of $159.19 and a 200 day moving average of $190.05. Agnico Eagle Mines Limited has a 52 week low of $122.68 and a 52 week high of $255.24. The company has a market cap of $72.97 billion, a PE ratio of 13.51, a P/E/G ratio of 2.23 and a beta of 0.60. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the firm earned $1.53 EPS. The company’s quarterly revenue was up 66.1% compared to the same quarter last year. As a group, equities research analysts forecast that Agnico Eagle Mines Limited will post 11.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AEM. Scotiabank dropped their price target on Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Scotia reduced their price objective on Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 3rd. Royal Bank Of Canada lowered their target price on Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating for the company in a research note on Thursday, July 9th. Zacks Research cut Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Finally, Bank of America dropped their price objective on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.69.

Agnico Eagle Mines Profile

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.