Lmcg Investments LLC Has $22.56 Million Position in Agnico Eagle Mines Limited $AEM

Lmcg Investments LLC lessened its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 189,658 shares of the mining company’s stock after selling 7,736 shares during the period. Agnico Eagle Mines accounts for about 1.4% of Lmcg Investments LLC’s portfolio, making the stock its 14th largest position. Lmcg Investments LLC’s holdings in Agnico Eagle Mines were worth $22,556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Ameritas Advisory Services LLC bought a new stake in Agnico Eagle Mines during the 2nd quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Agnico Eagle Mines during the 1st quarter valued at $26,000. Cary Street Partners Investment Advisory LLC bought a new stake in Agnico Eagle Mines during the 1st quarter valued at $26,000. Private Trust Co. NA increased its stake in Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after purchasing an additional 232 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in Agnico Eagle Mines during the 1st quarter valued at $34,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AEM. TD Securities boosted their price target on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday. Bank of America boosted their price target on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. CIBC boosted their price target on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a research note on Friday. UBS Group boosted their price target 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. Finally, Weiss Ratings reiterated a “buy (a)” rating on shares of Agnico Eagle Mines in a research note on Wednesday. Six equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $162.10.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $164.28 on Friday. Agnico Eagle Mines Limited has a 1 year low of $75.17 and a 1 year high of $172.21. 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 $82.60 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.08 and a beta of 0.46. The company has a fifty day moving average price of $149.57 and a 200-day moving average price of $128.20.

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 (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The business’s revenue was up 35.6% compared to the same quarter last year. As a group, equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

About Agnico Eagle Mines

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.