2,702 Shares in Agnico Eagle Mines Limited $AEM Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,702 shares of the mining company’s stock, valued at approximately $419,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Agnico Eagle Mines during the 4th quarter worth about $1,367,783,000. Van ECK Associates Corp grew its stake in shares of 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 buying an additional 3,062,705 shares during the period. Alberta Investment Management Corp bought a new stake in Agnico Eagle Mines in the 4th quarter valued at about $194,195,000. Employees Provident Fund Board bought a new stake in Agnico Eagle Mines in the 4th quarter valued at about $183,341,000. Finally, Bank of New York Mellon Corp acquired a new position in Agnico Eagle Mines during the 2nd quarter worth approximately $156,942,000. 68.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and raised their price objective for the company from $187.00 to $200.00 in a research note on Monday, July 6th. Zacks Research lowered Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Scotiabank lowered their target price on Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, July 14th. Citigroup cut their target price on Agnico Eagle Mines from $256.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Finally, Weiss Ratings downgraded shares of Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average target price of $226.00.

Agnico Eagle Mines Trading Up 11.3%

AEM opened at $208.04 on Thursday. Agnico Eagle Mines Limited has a fifty-two week low of $131.16 and a fifty-two week high of $255.24. The firm has a market capitalization of $105.45 billion, a PE ratio of 17.80, a P/E/G ratio of 2.32 and a beta of 0.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.02. The company’s 50-day moving average is $158.87 and its 200 day moving average is $186.35.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.16. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.78 billion. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.The company’s quarterly revenue was up 35.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 EPS. As a group, research analysts predict that Agnico Eagle Mines Limited will post 11.56 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.