Kiker Wealth Management LLC Buys 784 Shares of Agnico Eagle Mines Limited $AEM

Kiker Wealth Management LLC increased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 63.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,015 shares of the mining company’s stock after purchasing an additional 784 shares during the period. Kiker Wealth Management LLC’s holdings in Agnico Eagle Mines were worth $240,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Agnico Eagle Mines by 1.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company’s stock worth $618,000 after purchasing an additional 85 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Agnico Eagle Mines by 31.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company’s stock worth $40,000 after purchasing an additional 87 shares during the last quarter. Continuum Advisory LLC raised its position in Agnico Eagle Mines by 47.0% in the 1st quarter. Continuum Advisory LLC now owns 397 shares of the mining company’s stock worth $43,000 after purchasing an additional 127 shares during the last quarter. US Bancorp DE raised its position in Agnico Eagle Mines by 2.0% in the 1st quarter. US Bancorp DE now owns 6,908 shares of the mining company’s stock worth $749,000 after purchasing an additional 138 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in Agnico Eagle Mines by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,871 shares of the mining company’s stock worth $223,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on AEM shares. Bank of America boosted their price objective on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Zacks Research upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. TD Securities upped their target price on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Lake Street Capital reiterated a “buy” rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. Finally, National Bankshares reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. Six research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average target price of $162.10.

Agnico Eagle Mines Price Performance

Shares of AEM stock opened at $172.11 on Tuesday. Agnico Eagle Mines Limited has a 12-month low of $75.17 and a 12-month high of $172.29. The firm has a market capitalization of $86.54 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 1.09 and a beta of 0.46. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average of $150.38 and a 200-day moving average of $128.96.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.11. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the business earned $1.07 EPS. The firm’s revenue was up 35.6% on a year-over-year basis. On average, equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 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.