Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Ruffer LLP

Ruffer LLP raised its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 791,524 shares of the mining company's stock after purchasing an additional 57,240 shares during the quarter. Agnico Eagle Mines accounts for about 1.6% of Ruffer LLP's portfolio, making the stock its 19th largest position. Ruffer LLP owned about 0.16% of Agnico Eagle Mines worth $43,411,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Blair William & Co. IL lifted its position in Agnico Eagle Mines by 5.9% during the third quarter. Blair William & Co. IL now owns 23,718 shares of the mining company's stock valued at $1,078,000 after purchasing an additional 1,313 shares during the last quarter. Raymond James & Associates lifted its position in Agnico Eagle Mines by 15.5% during the fourth quarter. Raymond James & Associates now owns 364,440 shares of the mining company's stock valued at $19,990,000 after purchasing an additional 48,782 shares during the last quarter. Beck Bode LLC purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at $1,318,000. Wellington Management Group LLP raised its stake in shares of Agnico Eagle Mines by 5.7% in the third quarter. Wellington Management Group LLP now owns 632,403 shares of the mining company's stock valued at $28,752,000 after acquiring an additional 34,072 shares during the period. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at $41,610,000. Institutional investors own 68.34% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AEM. BMO Capital Markets increased their target price on shares of Agnico Eagle Mines from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, May 21st. National Bank Financial reissued an "outperform overweight" rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. TD Securities increased their target price on shares of Agnico Eagle Mines from $74.00 to $78.00 and gave the company a "buy" rating in a research note on Tuesday, April 30th. Citigroup increased their target price on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group raised their price target on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a "hold" rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Moderate Buy" and an average price target of $72.22.

Agnico Eagle Mines Stock Up 1.8 %

NYSE AEM traded up $1.20 during trading on Thursday, reaching $68.59. 3,797,332 shares of the company's stock traded hands, compared to its average volume of 3,108,515. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 0.88. The firm has a market cap of $34.25 billion, a price-to-earnings ratio of 72.20, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. The company's 50 day simple moving average is $64.21 and its two-hundred day simple moving average is $55.80. Agnico Eagle Mines Limited has a 12-month low of $43.22 and a 12-month high of $71.50.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its earnings results on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.16. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.78 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. The company's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. As a group, sell-side analysts forecast that Agnico Eagle Mines Limited will post 3.18 EPS for the current fiscal year.

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.