Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Lmcg Investments LLC

Lmcg Investments LLC increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 203,387 shares of the mining company’s stock after buying an additional 1,138 shares during the period. Agnico Eagle Mines comprises about 1.0% of Lmcg Investments LLC’s portfolio, making the stock its 22nd biggest position. Lmcg Investments LLC’s holdings in Agnico Eagle Mines were worth $16,385,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Sapient Capital LLC increased its holdings in shares of Agnico Eagle Mines by 1.3% during the third quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock valued at $886,000 after purchasing an additional 145 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Agnico Eagle Mines by 2.2% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,217 shares of the mining company’s stock valued at $472,000 after acquiring an additional 158 shares during the period. Azzad Asset Management Inc. ADV grew its stake in Agnico Eagle Mines by 0.3% in the second quarter. Azzad Asset Management Inc. ADV now owns 61,820 shares of the mining company’s stock valued at $4,043,000 after purchasing an additional 189 shares in the last quarter. Lombard Odier Asset Management Europe Ltd grew its stake in Agnico Eagle Mines by 0.4% in the second quarter. Lombard Odier Asset Management Europe Ltd now owns 49,651 shares of the mining company’s stock valued at $3,248,000 after purchasing an additional 190 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its position in shares of Agnico Eagle Mines by 4.8% in the second quarter. Baader Bank Aktiengesellschaft now owns 4,192 shares of the mining company’s stock valued at $269,000 after buying an additional 192 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group assumed coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective on the stock. CIBC boosted their price objective on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. TD Securities upped their price objective 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. Royal Bank of Canada increased their target price on 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, Scotiabank increased their target price on 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Price Performance

AEM stock traded down $0.49 during mid-day trading on Friday, hitting $85.80. The company had a trading volume of 1,844,703 shares, compared to its average volume of 2,663,666. The company has a 50-day moving average price of $82.30 and a 200 day moving average price of $74.13. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $43.05 billion, a price-to-earnings ratio of 42.90, a P/E/G ratio of 0.78 and a beta of 1.10. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $89.00.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating the consensus estimate 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 12.86% and a return on equity of 8.98%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. On average, research analysts anticipate that Agnico Eagle Mines Limited will post 4.01 earnings per share for the current 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.