Lbp Am Sa Cuts Stock Position in Agnico Eagle Mines Limited $AEM

Lbp Am Sa decreased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 27.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,022 shares of the mining company’s stock after selling 71,155 shares during the period. Lbp Am Sa’s holdings in Agnico Eagle Mines were worth $31,862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in shares of Agnico Eagle Mines during the second quarter worth $25,000. True Wealth Design LLC grew its stake in Agnico Eagle Mines by 381.3% during the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock worth $26,000 after buying an additional 122 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Agnico Eagle Mines during the 2nd quarter worth $29,000. City State Bank increased 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 valued at $32,000 after buying an additional 110 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in Agnico Eagle Mines by 59.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after buying an additional 74 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $214.52 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.12. The company’s fifty day moving average price is $178.06 and its 200 day moving average price is $159.30. The stock has a market capitalization of $107.40 billion, a P/E ratio of 31.32, a P/E/G ratio of 0.62 and a beta of 0.63. Agnico Eagle Mines Limited has a 1 year low of $87.45 and a 1 year high of $215.95.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, beating 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 15.64%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the business earned $1.14 earnings per share. As a group, equities research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AEM shares. Wall Street Zen upgraded Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 19th. Jefferies Financial Group set a $189.00 target price on shares of Agnico Eagle Mines in a research note on Sunday, December 7th. Bank of America boosted their target price on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Scotiabank reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a report on Thursday, October 23rd. Finally, Citigroup lifted their price objective on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Five research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $211.70.

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.