Generate Investment Management Ltd Has $25.12 Million Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Generate Investment Management Ltd boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 57.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 311,818 shares of the mining company's stock after purchasing an additional 113,178 shares during the quarter. Agnico Eagle Mines comprises 1.7% of Generate Investment Management Ltd's investment portfolio, making the stock its 21st biggest position. Generate Investment Management Ltd owned 0.06% of Agnico Eagle Mines worth $25,120,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC grew its position in Agnico Eagle Mines by 1,134.4% in the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company's stock valued at $26,000 after acquiring an additional 363 shares during the last quarter. Stephens Consulting LLC bought a new position in Agnico Eagle Mines in the first quarter valued at about $30,000. Abich Financial Wealth Management LLC bought a new position in Agnico Eagle Mines in the second quarter valued at about $32,000. Janiczek Wealth Management LLC grew its position in Agnico Eagle Mines by 406.4% in the first quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company's stock valued at $42,000 after acquiring an additional 569 shares during the last quarter. Finally, WASHINGTON TRUST Co grew its position in Agnico Eagle Mines by 92.1% in the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company's stock valued at $48,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Trading Up 4.9 %

AEM stock traded up $3.99 during trading on Friday, hitting $86.17. The company had a trading volume of 3,126,956 shares, compared to its average volume of 2,658,962. The business has a 50-day moving average of $80.82 and a 200-day moving average of $72.33. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $86.64. The stock has a market cap of $43.11 billion, a PE ratio of 90.69, a PEG ratio of 0.71 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.14. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. The company's revenue was up 20.9% compared to the same quarter last year. Research analysts predict that Agnico Eagle Mines Limited will post 3.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of recent analyst reports. CIBC lifted their target price on Agnico Eagle Mines from $81.00 to $101.00 and gave the company an "outperformer" rating in a research report on Wednesday, July 10th. Jefferies Financial Group boosted their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a "hold" rating in a report on Friday, October 4th. StockNews.com upgraded Agnico Eagle Mines from a "hold" rating to a "buy" rating in a report on Thursday, June 27th. Royal Bank of Canada boosted their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Finally, TD Securities boosted their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of "Moderate Buy" and an average price target of $86.78.

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.