Agnico Eagle Mines Limited $AEM Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1,822.4% during the 3rd quarter, Holdings Channel reports. The fund owned 64,323 shares of the mining company’s stock after buying an additional 60,977 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Agnico Eagle Mines were worth $10,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in Agnico Eagle Mines in the 2nd quarter valued at approximately $25,000. True Wealth Design LLC lifted its holdings in shares of Agnico Eagle Mines by 381.3% in the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after buying an additional 122 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the second quarter valued at approximately $29,000. City State Bank grew its holdings in Agnico Eagle Mines by 69.2% during the second quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after acquiring an additional 110 shares during the period. Finally, Blue Bell Private Wealth Management LLC grew its holdings in Agnico Eagle Mines by 59.7% during the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock worth $33,000 after acquiring an additional 74 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $185.00 to $205.00 in a research report on Wednesday, December 10th. Wall Street Zen upgraded shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 19th. Raymond James Financial restated an “outperform” rating and set a $225.00 target price on shares of Agnico Eagle Mines in a research report on Wednesday, January 14th. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, January 12th. Finally, UBS Group boosted their price target on Agnico Eagle Mines from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, December 1st. Four analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $217.40.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $223.17 on Thursday. The company has a current ratio of 2.12, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $181.18 and a two-hundred day moving average price of $161.10. Agnico Eagle Mines Limited has a twelve month low of $89.16 and a twelve month high of $224.30. The company has a market capitalization of $111.74 billion, a P/E ratio of 32.58, a price-to-earnings-growth ratio of 0.63 and a beta of 0.63.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.40. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.93 billion. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.64%. During the same quarter in the prior year, the firm earned $1.14 earnings per share. As a group, research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.