Themes Management Co LLC Purchases Shares of 6,512 Agnico Eagle Mines Limited $AEM

Themes Management Co LLC acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,512 shares of the mining company’s stock, valued at approximately $1,104,000.

Other hedge funds have also made changes to their positions in the company. Harbour Investments Inc. increased its stake in Agnico Eagle Mines by 16.3% during the fourth quarter. Harbour Investments Inc. now owns 4,049 shares of the mining company’s stock valued at $686,000 after acquiring an additional 568 shares during the period. Legal & General Group Plc boosted its stake in Agnico Eagle Mines by 3.3% during the fourth quarter. Legal & General Group Plc now owns 3,491,203 shares of the mining company’s stock worth $592,822,000 after buying an additional 111,892 shares in the last quarter. Prospera Financial Services Inc increased its holdings in Agnico Eagle Mines by 87.7% in the 4th quarter. Prospera Financial Services Inc now owns 6,780 shares of the mining company’s stock valued at $1,150,000 after buying an additional 3,167 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of Agnico Eagle Mines by 8.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 5,588 shares of the mining company’s stock valued at $947,000 after buying an additional 415 shares in the last quarter. Finally, MQS Management LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $1,108,000. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Canadian Imperial Bank of Commerce dropped their price target on shares of Agnico Eagle Mines from $312.00 to $304.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. TD raised their price target on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price objective on Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Erste Group Bank lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.08.

Agnico Eagle Mines Stock Down 0.1%

Shares of NYSE:AEM opened at $175.79 on Tuesday. The company’s fifty day moving average is $197.11 and its 200-day moving average is $194.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. Agnico Eagle Mines Limited has a 52 week low of $114.60 and a 52 week high of $255.24. The company has a market capitalization of $87.98 billion, a PE ratio of 16.52, a P/E/G ratio of 3.84 and a beta of 0.58.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.21. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The firm’s quarterly revenue was up 66.1% on a year-over-year basis. During the same period last year, the firm posted $1.53 EPS. Equities research analysts predict that Agnico Eagle Mines Limited will post 13.14 earnings per share for the current fiscal year.

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.