Saturna Capital Corp Has $3.47 Million Stock Holdings in Agnico Eagle Mines Limited $AEM

Saturna Capital Corp boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 29,148 shares of the mining company’s stock after buying an additional 752 shares during the period. Saturna Capital Corp’s holdings in Agnico Eagle Mines were worth $3,467,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Ameritas Advisory Services LLC acquired a new position in shares of Agnico Eagle Mines in the second quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Agnico Eagle Mines in the 1st quarter valued at $26,000. Cary Street Partners Investment Advisory LLC acquired a new position in Agnico Eagle Mines in the 1st quarter valued at $26,000. 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 worth $32,000 after buying an additional 110 shares during the period. Finally, Dagco Inc. acquired a new stake in shares of Agnico Eagle Mines during the first quarter worth $39,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM opened at $166.37 on Wednesday. Agnico Eagle Mines Limited has a 1 year low of $76.91 and a 1 year high of $187.50. The stock has a market capitalization of $83.46 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 0.70 and a beta of 0.45. 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 company’s 50 day simple moving average is $164.00 and its 200 day simple moving average is $138.72.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. Agnico Eagle Mines had a return on equity of 15.97% and a net margin of 32.62%.The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the business posted $1.14 EPS. As a group, research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AEM has been the subject of a number of recent research reports. CIBC boosted their target price 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, October 10th. Weiss Ratings upgraded shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday. TD Securities raised their target price on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Scotiabank reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research note on Thursday, October 23rd. Finally, Citigroup raised their price objective on Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Five equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $184.50.

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.