Klein Pavlis & Peasley Financial Inc. lowered its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 10.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,226 shares of the mining company's stock after selling 8,505 shares during the period. Agnico Eagle Mines accounts for about 4.7% of Klein Pavlis & Peasley Financial Inc.'s investment portfolio, making the stock its largest holding. Klein Pavlis & Peasley Financial Inc.'s holdings in Agnico Eagle Mines were worth $5,899,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Sense Advisors Inc. increased its holdings in Agnico Eagle Mines by 372.3% in the 1st quarter. Financial Sense Advisors Inc. now owns 62,330 shares of the mining company's stock worth $3,718,000 after buying an additional 49,132 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Agnico Eagle Mines during the 2nd quarter valued at $2,595,000. Capital Wealth Planning LLC grew its holdings in shares of Agnico Eagle Mines by 62.3% in the first quarter. Capital Wealth Planning LLC now owns 2,620,345 shares of the mining company's stock worth $156,304,000 after acquiring an additional 1,006,001 shares during the period. Principal Financial Group Inc. bought a new stake in shares of Agnico Eagle Mines in the first quarter worth $1,388,000. Finally, GSA Capital Partners LLP bought a new position in Agnico Eagle Mines in the first quarter valued at about $878,000. 68.34% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
AEM has been the topic of a number of research reports. Jefferies Financial Group raised their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a "hold" rating in a report on Friday, October 4th. UBS Group began coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a "buy" rating and a $95.00 price objective on the stock. Royal Bank of Canada increased their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Scotiabank lifted their price target on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. Finally, CIBC increased their price objective on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an "outperformer" rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $86.78.
Check Out Our Latest Research Report on AEM
Agnico Eagle Mines Stock Down 0.1 %
Shares of AEM traded down $0.12 during midday trading on Monday, reaching $86.76. 1,762,526 shares of the stock were exchanged, compared to its average volume of 2,667,874. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The company's 50 day moving average is $81.78 and its two-hundred day moving average is $73.41. The company has a market capitalization of $43.40 billion, a P/E ratio of 91.45, a PEG ratio of 0.71 and a beta of 1.10. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its earnings results on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.14. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm posted $0.65 EPS. The company's revenue for the quarter was up 20.9% on a year-over-year basis. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 3.88 earnings per share for the current year.
About Agnico Eagle Mines
(
Free Report)
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.
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