Bleakley Financial Group LLC Has $535,000 Position in Agnico Eagle Mines Limited (NYSE:AEM)

Bleakley Financial Group LLC trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 85.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,640 shares of the mining company's stock after selling 39,692 shares during the period. Bleakley Financial Group LLC's holdings in Agnico Eagle Mines were worth $535,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp increased its holdings in shares of Agnico Eagle Mines by 0.3% in the 2nd quarter. Van ECK Associates Corp now owns 22,320,085 shares of the mining company's stock valued at $1,459,741,000 after acquiring an additional 58,681 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Agnico Eagle Mines by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 13,281,926 shares of the mining company's stock worth $868,638,000 after buying an additional 134,872 shares during the last quarter. Capital World Investors boosted its holdings in shares of Agnico Eagle Mines by 0.8% in the 1st quarter. Capital World Investors now owns 9,769,275 shares of the mining company's stock valued at $582,529,000 after buying an additional 79,275 shares during the period. First Eagle Investment Management LLC grew its position in shares of Agnico Eagle Mines by 10.8% during the 1st quarter. First Eagle Investment Management LLC now owns 6,891,385 shares of the mining company's stock valued at $411,106,000 after buying an additional 672,503 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Agnico Eagle Mines by 4.1% in the second quarter. CIBC Asset Management Inc now owns 6,083,606 shares of the mining company's stock worth $397,657,000 after acquiring an additional 237,347 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AEM. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Scotiabank upped their price target on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. TD Securities lifted their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Royal Bank of Canada upped their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, CIBC lifted their price target on Agnico Eagle Mines from $81.00 to $101.00 and gave the company an "outperformer" rating in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Agnico Eagle Mines has an average rating of "Moderate Buy" and an average price target of $86.78.

Agnico Eagle Mines Price Performance

Shares of AEM stock traded up $1.36 during mid-day trading on Tuesday, hitting $87.99. 2,678,667 shares of the stock traded hands, compared to its average volume of 2,661,153. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.51. The firm has a market cap of $44.02 billion, a price-to-earnings ratio of 92.20, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10. The company's 50-day simple moving average is $81.02 and its 200-day simple moving average is $72.67. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $88.22.

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