2,060 Shares in Agnico Eagle Mines Limited $AEM Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC acquired a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the second quarter, HoldingsChannel.com reports. The fund acquired 2,060 shares of the mining company’s stock, valued at approximately $245,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Marks Group Wealth Management Inc bought a new stake in Agnico Eagle Mines in the second quarter worth approximately $229,000. Grimes & Company Inc. bought a new stake in Agnico Eagle Mines in the second quarter worth approximately $300,000. 111 Capital bought a new stake in Agnico Eagle Mines in the second quarter worth approximately $529,000. Fairvoy Private Wealth LLC bought a new stake in Agnico Eagle Mines in the second quarter worth approximately $998,000. Finally, Ascent Group LLC bought a new stake in Agnico Eagle Mines in the second quarter worth approximately $235,000. 68.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AEM. TD Securities upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Thursday, July 17th. National Bankshares reiterated an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Raymond James Financial upgraded Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 target price for the company in a report on Monday, June 30th. CIBC restated an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday, July 15th. Finally, Bank of America boosted their price objective on Agnico Eagle Mines from $170.00 to $173.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Seven research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of $141.40.

Agnico Eagle Mines Trading Down 2.4%

NYSE AEM opened at $166.32 on Wednesday. The company has a market cap of $83.63 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 1.14 and a beta of 0.46. Agnico Eagle Mines Limited has a 52 week low of $75.17 and a 52 week high of $172.21. The business has a 50 day moving average price of $147.11 and a 200-day moving average price of $127.11. 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 released its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 35.6% on a year-over-year basis. As a group, equities analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines 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.