PDS Planning Inc increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 12.2% in the second quarter, Holdings Channel.com reports. The fund owned 2,739 shares of the mining company’s stock after purchasing an additional 298 shares during the period. PDS Planning Inc’s holdings in Agnico Eagle Mines were worth $326,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of AEM. Ameritas Advisory Services LLC purchased a new position in Agnico Eagle Mines during the second quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Agnico Eagle Mines during the first quarter valued at $26,000. Cary Street Partners Investment Advisory LLC purchased a new position in Agnico Eagle Mines during the first quarter valued at $26,000. Private Trust Co. NA grew its stake in Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after acquiring an additional 232 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in Agnico Eagle Mines during the first quarter valued at $34,000. 68.34% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Lake Street Capital reaffirmed a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Bank of America increased their price objective on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Weiss Ratings reiterated a “buy (a)” rating on shares of Agnico Eagle Mines in a research report on Wednesday, October 8th. CIBC increased 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. Finally, National Bankshares reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. Six analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Buy” and a consensus price target of $162.10.
Agnico Eagle Mines Price Performance
Agnico Eagle Mines stock opened at $164.28 on Monday. The firm has a 50-day moving average price of $149.57 and a 200-day moving average price of $128.51. The firm has a market capitalization of $82.60 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 1.09 and a beta of 0.46. 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 Limited has a 12-month low of $75.17 and a 12-month high of $172.21.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last released 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. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The business’s revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the business earned $1.07 EPS. As a group, equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS 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.
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