Barometer Capital Management Inc. Purchases New Position in Agnico Eagle Mines Limited (NYSE:AEM)

Barometer Capital Management Inc. acquired a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 82,770 shares of the mining company's stock, valued at approximately $4,540,000. Agnico Eagle Mines comprises approximately 1.4% of Barometer Capital Management Inc.'s holdings, making the stock its 25th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of AEM. Bruce G. Allen Investments LLC acquired a new position in shares of Agnico Eagle Mines during the 4th quarter worth approximately $33,000. CVA Family Office LLC bought a new stake in Agnico Eagle Mines during the fourth quarter worth $36,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines in the fourth quarter valued at $49,000. Anchor Investment Management LLC purchased a new position in Agnico Eagle Mines during the fourth quarter worth about $55,000. Finally, Parallel Advisors LLC lifted its stake in Agnico Eagle Mines by 81.5% during the fourth quarter. Parallel Advisors LLC now owns 1,445 shares of the mining company's stock worth $79,000 after purchasing an additional 649 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on AEM shares. National Bank Financial reiterated an "outperform overweight" rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Scotiabank increased their price objective on shares of Agnico Eagle Mines from $71.00 to $81.00 and gave the company a "sector outperform" rating in a report on Thursday, May 23rd. Citigroup lifted their price objective on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, April 30th. TD Securities boosted their price objective on shares of Agnico Eagle Mines from $74.00 to $78.00 and gave the stock a "buy" rating in a report on Tuesday, April 30th. Finally, Jefferies Financial Group increased their price objective on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a "hold" rating in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.22.

Agnico Eagle Mines Trading Down 0.9 %

Shares of AEM stock traded down $0.57 on Tuesday, reaching $64.67. 1,684,586 shares of the company's stock were exchanged, compared to its average volume of 3,081,691. The company's fifty day simple moving average is $65.40 and its 200 day simple moving average is $56.79. The stock has a market capitalization of $32.30 billion, a PE ratio of 68.07, a P/E/G ratio of 0.66 and a beta of 1.11. Agnico Eagle Mines Limited has a 52 week low of $43.22 and a 52 week high of $71.50. The company has a current ratio of 2.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.16. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.78 billion. During the same period last year, the firm earned $0.57 earnings per share. The company's revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, analysts forecast that Agnico Eagle Mines Limited will post 3.2 EPS for the current year.

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.