Agnico Eagle Mines Limited $AEM is Nkcfo LLC’s Largest Position

Nkcfo LLC decreased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 312,133 shares of the mining company’s stock after selling 6,500 shares during the quarter. Agnico Eagle Mines makes up 15.5% of Nkcfo LLC’s investment portfolio, making the stock its largest position. Nkcfo LLC owned 0.06% of Agnico Eagle Mines worth $37,122,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AEM. Brown Advisory Inc. grew its stake in shares of Agnico Eagle Mines by 2.4% in the second quarter. Brown Advisory Inc. now owns 3,378 shares of the mining company’s stock worth $402,000 after purchasing an additional 79 shares during the last quarter. Cadinha & Co. LLC lifted its holdings in Agnico Eagle Mines by 2.8% in the 2nd quarter. Cadinha & Co. LLC now owns 3,211 shares of the mining company’s stock worth $382,000 after buying an additional 86 shares during the period. City State Bank grew its position in shares of Agnico Eagle Mines by 69.2% in the 2nd quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after buying an additional 110 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of Agnico Eagle Mines by 2.3% during the second quarter. Wedbush Securities Inc. now owns 5,003 shares of the mining company’s stock valued at $595,000 after buying an additional 113 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Agnico Eagle Mines by 8.0% during the second quarter. Rhumbline Advisers now owns 1,810 shares of the mining company’s stock valued at $215,000 after acquiring an additional 134 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Down 1.5%

Shares of Agnico Eagle Mines stock opened at $168.82 on Friday. Agnico Eagle Mines Limited has a 1 year low of $76.91 and a 1 year high of $187.50. The firm has a market cap of $84.69 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 0.62 and a beta of 0.64. The company has a 50-day moving average of $166.98 and a 200 day moving average of $143.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 1.31.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.76 by $0.40. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.64%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. As a group, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on AEM. Raymond James Financial raised their price target on Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. TD Securities raised their target price on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Scotiabank reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Thursday, October 23rd. Zacks Research raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, Wall Street Zen cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 30th. Six analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $185.50.

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.