Janus Henderson Group PLC Acquires 36,766 Shares of Agnico Eagle Mines Limited $AEM

Janus Henderson Group PLC grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 83.8% during the first quarter, Holdings Channel.com reports. The firm owned 80,628 shares of the mining company’s stock after acquiring an additional 36,766 shares during the period. Janus Henderson Group PLC’s holdings in Agnico Eagle Mines were worth $16,338,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors raised its holdings in shares of Agnico Eagle Mines by 2.8% in the fourth quarter. Capital World Investors now owns 21,338,277 shares of the mining company’s stock valued at $3,618,730,000 after buying an additional 572,473 shares during the last quarter. Vanguard Group Inc. grew its holdings in Agnico Eagle Mines by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 20,979,666 shares of the mining company’s stock worth $3,557,772,000 after acquiring an additional 309,717 shares during the last quarter. Van ECK Associates Corp increased its position in Agnico Eagle Mines by 21.6% in the 4th quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company’s stock valued at $2,920,258,000 after acquiring an additional 3,062,705 shares in the last quarter. TD Asset Management Inc increased its position in Agnico Eagle Mines by 1.7% in the 4th quarter. TD Asset Management Inc now owns 9,665,456 shares of the mining company’s stock valued at $1,641,239,000 after acquiring an additional 165,263 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Agnico Eagle Mines by 4.0% in the fourth quarter. Mackenzie Financial Corp now owns 8,687,624 shares of the mining company’s stock worth $1,489,509,000 after acquiring an additional 332,797 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $147.63 on Tuesday. The company has a market cap of $74.81 billion, a PE ratio of 12.63, a PEG ratio of 1.79 and a beta of 0.61. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 1 year low of $126.93 and a 1 year high of $255.24. The company’s 50-day moving average is $156.80 and its two-hundred day moving average is $188.76.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, July 29th. The mining company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.89 by $0.16. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. Agnico Eagle Mines’s revenue was up 35.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.94 EPS. Equities analysts anticipate that Agnico Eagle Mines Limited will post 11.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of research reports. Royal Bank Of Canada reduced their target price on shares of Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 9th. JPMorgan Chase & Co. raised their price target on shares of Agnico Eagle Mines from $175.00 to $179.00 and gave the company a “neutral” rating in a report on Monday. Wall Street Zen cut shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Barclays reduced their price objective on Agnico Eagle Mines from $210.00 to $188.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Finally, Jefferies Financial Group upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating and increased their price objective for the company from $187.00 to $200.00 in a research report on Monday, July 6th. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $226.00.

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.