101,566 Shares in Agnico Eagle Mines Limited $AEM Acquired by SEB Asset Management AB

SEB Asset Management AB bought a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the first quarter, HoldingsChannel reports. The fund bought 101,566 shares of the mining company’s stock, valued at approximately $20,551,000.

A number of other institutional investors also recently bought and sold shares of AEM. Capital World Investors boosted 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 worth $3,618,730,000 after buying an additional 572,473 shares during the last quarter. Vanguard Group Inc. raised its stake 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 valued at $3,557,772,000 after purchasing an additional 309,717 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Agnico Eagle Mines by 21.6% in the fourth quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company’s stock worth $2,920,258,000 after buying an additional 3,062,705 shares in the last quarter. TD Asset Management Inc increased its holdings 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 during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of Agnico Eagle Mines by 4.0% during the 4th quarter. Mackenzie Financial Corp now owns 8,687,624 shares of the mining company’s stock valued at $1,489,509,000 after purchasing an additional 332,797 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 0.1%

Shares of NYSE AEM opened at $136.89 on Monday. Agnico Eagle Mines Limited has a twelve month low of $117.65 and a twelve month high of $255.24. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $165.41 and a two-hundred day simple moving average of $191.56. The firm has a market cap of $69.48 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 1.82 and a beta of 0.60.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.21. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The firm’s quarterly revenue was up 66.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 earnings per share. Analysts expect that Agnico Eagle Mines Limited will post 12.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

AEM has been the topic of several research reports. Canadian Imperial Bank of Commerce set a $285.00 price target on shares of Agnico Eagle Mines in a research report on Thursday. Scotia lowered their price target on shares of Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating for the company in a report on Friday, July 3rd. Royal Bank Of Canada dropped their price target on Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating for the company in a research report on Thursday, July 9th. Wall Street Zen cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, UBS Group decreased their price objective on Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $233.62.

Agnico Eagle Mines 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.