Trek Financial LLC Purchases 33,591 Shares of Agnico Eagle Mines Limited $AEM

Trek Financial LLC raised its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 74.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,472 shares of the mining company’s stock after purchasing an additional 33,591 shares during the period. Trek Financial LLC’s holdings in Agnico Eagle Mines were worth $9,333,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AEM. Cadinha & Co. LLC increased its holdings in shares of Agnico Eagle Mines by 2.8% in the second quarter. Cadinha & Co. LLC now owns 3,211 shares of the mining company’s stock worth $382,000 after purchasing an additional 86 shares during the period. City State Bank increased its stake in Agnico Eagle Mines by 69.2% in the 2nd quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after acquiring an additional 110 shares during the last quarter. Wedbush Securities Inc. increased its stake in Agnico Eagle Mines by 2.3% in the 2nd quarter. Wedbush Securities Inc. now owns 5,003 shares of the mining company’s stock worth $595,000 after acquiring an additional 113 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Agnico Eagle Mines by 8.0% in the 2nd quarter. Rhumbline Advisers now owns 1,810 shares of the mining company’s stock valued at $215,000 after acquiring an additional 134 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Agnico Eagle Mines by 2.0% during the 1st quarter. US Bancorp DE now owns 6,908 shares of the mining company’s stock valued at $749,000 after acquiring an additional 138 shares during the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Down 1.3%

AEM stock opened at $169.70 on Wednesday. The company has a market capitalization of $85.13 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 0.63 and a beta of 0.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.12. Agnico Eagle Mines Limited has a one year low of $76.91 and a one year high of $187.50. The company’s 50 day moving average price is $166.42 and its two-hundred day moving average price is $142.71.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.76 by $0.40. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.93 billion. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.64%. During the same quarter last year, the firm earned $1.14 EPS. As a group, analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AEM has been the topic of several research analyst reports. Citigroup upped their price objective on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. UBS Group boosted their price target on shares of Agnico Eagle Mines from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday. TD Securities increased their price target 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. Zacks Research downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Bank of America upped their target price on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Five equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of $185.50.

Agnico Eagle Mines Company 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.