5,120 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,120 shares of the mining company’s stock, valued at approximately $413,000.

Other institutional investors also recently modified their holdings of the company. Continuum Advisory LLC raised its position in Agnico Eagle Mines by 1,134.4% in the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock worth $26,000 after purchasing an additional 363 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines during the second quarter worth $32,000. FSC Wealth Advisors LLC bought a new position in Agnico Eagle Mines in the third quarter valued at about $32,000. McClarren Financial Advisors Inc. increased its position in Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after purchasing an additional 445 shares during the period. Finally, WASHINGTON TRUST Co raised its holdings in Agnico Eagle Mines by 92.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after purchasing an additional 350 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AEM. Scotiabank raised their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Royal Bank of Canada lifted 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. TD Securities increased their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Finally, UBS Group initiated coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.78.

Agnico Eagle Mines Stock Down 0.3 %

NYSE AEM traded down $0.22 during trading hours on Monday, reaching $86.66. 374,752 shares of the company’s stock were exchanged, compared to its average volume of 2,660,997. The company’s 50-day moving average is $81.78 and its two-hundred day moving average is $73.41. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.51. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $89.00. The company has a market capitalization of $43.35 billion, a price-to-earnings ratio of 91.45, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (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, beating analysts’ consensus estimates of $0.93 by $0.14. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.03 billion. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company earned $0.65 earnings per share. On average, analysts forecast that Agnico Eagle Mines Limited will post 3.88 EPS for the current fiscal 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.