Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by Paragon Associates & Paragon Associates II Joint Venture

Paragon Associates & Paragon Associates II Joint Venture lifted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,000 shares of the mining company's stock after purchasing an additional 25,000 shares during the period. Agnico Eagle Mines comprises 18.9% of Paragon Associates & Paragon Associates II Joint Venture's investment portfolio, making the stock its 2nd largest holding. Paragon Associates & Paragon Associates II Joint Venture's holdings in Agnico Eagle Mines were worth $8,228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Grayhawk Investment Strategies Inc. acquired a new position in shares of Agnico Eagle Mines in the fourth quarter worth approximately $474,000. Barometer Capital Management Inc. acquired a new position in shares of Agnico Eagle Mines in the fourth quarter worth approximately $4,540,000. Visionary Wealth Advisors lifted its stake in shares of Agnico Eagle Mines by 12.8% in the fourth quarter. Visionary Wealth Advisors now owns 26,385 shares of the mining company's stock worth $1,447,000 after acquiring an additional 2,988 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Agnico Eagle Mines by 1,607.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 848,375 shares of the mining company's stock worth $46,533,000 after acquiring an additional 798,679 shares during the period. Finally, Cheviot Value Management LLC lifted its stake in shares of Agnico Eagle Mines by 1.7% in the fourth quarter. Cheviot Value Management LLC now owns 479,138 shares of the mining company's stock worth $26,467,000 after acquiring an additional 7,964 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AEM. BMO Capital Markets boosted their price target on Agnico Eagle Mines from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, May 21st. Citigroup boosted their price target on Agnico Eagle Mines from $65.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, April 30th. National Bank Financial reissued an "outperform overweight" rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Jefferies Financial Group boosted their price target on Agnico Eagle Mines from $54.00 to $57.00 and gave the company a "hold" rating in a research note on Monday, April 22nd. Finally, Scotiabank boosted their price target on Agnico Eagle Mines from $71.00 to $81.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $72.22.

Agnico Eagle Mines Stock Up 0.3 %

Shares of NYSE:AEM traded up $0.22 during trading on Friday, reaching $64.25. 1,569,464 shares of the stock were exchanged, compared to its average volume of 2,361,613. The stock has a fifty day moving average of $65.67 and a two-hundred day moving average of $57.10. Agnico Eagle Mines Limited has a 1-year low of $43.22 and a 1-year high of $71.50. The firm has a market cap of $32.14 billion, a price-to-earnings ratio of 67.63, a price-to-earnings-growth ratio of 0.70 and a beta of 1.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 0.88.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced 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 return on equity of 6.09% and a net margin of 6.79%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. Agnico Eagle Mines's revenue was up 21.2% compared to the same quarter last year. Research analysts anticipate that Agnico Eagle Mines Limited will post 3.2 earnings per share 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.