Massachusetts Financial Services Co. MA Has $868.64 Million Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Massachusetts Financial Services Co. MA increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,281,926 shares of the mining company’s stock after buying an additional 134,872 shares during the period. Massachusetts Financial Services Co. MA owned 2.65% of Agnico Eagle Mines worth $868,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEM. Norges Bank acquired a new stake in Agnico Eagle Mines in the 4th quarter valued at about $325,327,000. FIL Ltd increased its holdings in shares of Agnico Eagle Mines by 16.4% during the 4th quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock worth $1,102,481,000 after acquiring an additional 2,831,794 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in Agnico Eagle Mines during the 4th quarter valued at $132,257,000. TD Asset Management Inc raised its position in shares of Agnico Eagle Mines by 41.9% in the fourth quarter. TD Asset Management Inc now owns 4,274,964 shares of the mining company’s stock valued at $235,535,000 after purchasing an additional 1,261,482 shares during the period. Finally, Capital World Investors grew its stake in Agnico Eagle Mines by 12.0% in the 4th quarter. Capital World Investors now owns 9,690,000 shares of the mining company’s stock valued at $531,284,000 after buying an additional 1,034,721 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Trading Up 1.6 %

Shares of AEM stock opened at $83.17 on Monday. Agnico Eagle Mines Limited has a fifty-two week low of $43.22 and a fifty-two week high of $83.95. The stock’s fifty day moving average price is $77.21 and its two-hundred day moving average price is $67.96. 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 company has a market cap of $41.65 billion, a PE ratio of 87.55, a P/E/G ratio of 0.77 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.14. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. Equities analysts predict that Agnico Eagle Mines Limited will post 3.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AEM has been the topic of several research reports. StockNews.com raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. BMO Capital Markets dropped their target price on Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, June 20th. Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. TD Securities lifted their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Jefferies Financial Group increased their target price on shares of Agnico Eagle Mines from $59.00 to $66.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average price target of $83.38.

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.