Agnico Eagle Mines Limited (NYSE:AEM) Stock Holdings Lifted by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. increased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 1,607.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 848,375 shares of the mining company's stock after purchasing an additional 798,679 shares during the period. Balyasny Asset Management L.P. owned 0.17% of Agnico Eagle Mines worth $46,533,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AEM. Bruce G. Allen Investments LLC acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter worth $33,000. CVA Family Office LLC acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter worth $36,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter worth $49,000. Anchor Investment Management LLC acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter worth $55,000. Finally, Parallel Advisors LLC lifted its stake in shares of Agnico Eagle Mines by 81.5% in the 4th quarter. Parallel Advisors LLC now owns 1,445 shares of the mining company's stock worth $79,000 after acquiring an additional 649 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

NYSE:AEM traded up $0.96 during mid-day trading on Wednesday, hitting $65.64. 2,467,789 shares of the company's stock traded hands, compared to its average volume of 3,076,904. Agnico Eagle Mines Limited has a 1 year low of $43.22 and a 1 year high of $71.50. The company has a market cap of $32.78 billion, a PE ratio of 68.99, a price-to-earnings-growth ratio of 0.68 and a beta of 1.11. The firm's 50 day simple moving average is $65.48 and its 200 day simple moving average is $56.89. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 2.21.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AEM shares. TD Securities increased their price target on shares of Agnico Eagle Mines from $74.00 to $78.00 and gave the company a "buy" rating in a report on Tuesday, April 30th. National Bank Financial reiterated an "outperform overweight" rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Citigroup increased their price target on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, April 30th. Scotiabank increased their price target 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. Finally, CIBC increased their price target on shares of Agnico Eagle Mines from $80.00 to $81.00 and gave the company an "outperform" rating in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Agnico Eagle Mines has an average rating of "Moderate Buy" and an average price target of $72.22.

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.