Agnico Eagle Mines Limited $AEM Shares Bought by Tobam

Tobam lifted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 288.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 470 shares of the mining company’s stock after buying an additional 349 shares during the quarter. Tobam’s holdings in Agnico Eagle Mines were worth $56,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ameritas Advisory Services LLC bought a new position in Agnico Eagle Mines in the second quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Agnico Eagle Mines in the first quarter valued at $26,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Agnico Eagle Mines during the first quarter worth about $26,000. City State Bank boosted its stake in Agnico Eagle Mines by 69.2% during the 2nd quarter. City State Bank now owns 269 shares of the mining company’s stock valued at $32,000 after purchasing an additional 110 shares during the period. Finally, Dagco Inc. bought a new stake in shares of Agnico Eagle Mines during the first quarter valued at approximately $39,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 3.2%

NYSE:AEM opened at $173.29 on Thursday. The stock has a fifty day simple moving average of $162.78 and a 200 day simple moving average of $137.11. The firm has a market capitalization of $87.07 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 0.70 and a beta of 0.45. Agnico Eagle Mines Limited has a 1-year low of $75.17 and a 1-year high of $187.50. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.97%. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. Sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Wall Street Analyst Weigh In

AEM has been the subject of a number of analyst reports. TD Securities boosted their price target on Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Citigroup upped their price target on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. UBS Group raised their price objective on shares of Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Bank of America boosted their target price on Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Scotiabank reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Thursday, October 23rd. Four analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $184.50.

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.