Profund Advisors LLC Has $5.02 Million Stock Position in Agnico Eagle Mines Limited $AEM

Profund Advisors LLC trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,233 shares of the mining company’s stock after selling 1,113 shares during the period. Profund Advisors LLC’s holdings in Agnico Eagle Mines were worth $5,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its stake in Agnico Eagle Mines by 3.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company’s stock valued at $1,457,160,000 after buying an additional 499,362 shares in the last quarter. TD Asset Management Inc increased its holdings in Agnico Eagle Mines by 3.6% during the 2nd quarter. TD Asset Management Inc now owns 9,356,548 shares of the mining company’s stock worth $1,112,500,000 after purchasing an additional 323,252 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Agnico Eagle Mines by 11.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock valued at $728,214,000 after purchasing an additional 673,400 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Agnico Eagle Mines by 57.4% in the first quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock valued at $254,029,000 after purchasing an additional 854,924 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Agnico Eagle Mines by 10.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,977,395 shares of the mining company’s stock worth $214,361,000 after buying an additional 189,935 shares during the period. 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 $161.28 on Monday. The stock’s 50 day moving average is $161.41 and its 200-day moving average is $136.16. The company has a market capitalization of $81.04 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 0.70 and a beta of 0.45. Agnico Eagle Mines Limited has a 12 month low of $75.17 and a 12 month high of $187.50. 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 (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.97%. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. Equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AEM shares. Citigroup lifted their price objective on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. TD Securities raised their target price on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Weiss Ratings downgraded Agnico Eagle Mines from a “buy (a)” rating to a “buy (b+)” rating in a research report on Friday, October 24th. Finally, CIBC boosted their price target on Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $184.50.

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.