Agnico Eagle Mines Limited $AEM Position Lessened by Phoenix Financial Ltd.

Phoenix Financial Ltd. reduced its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,770 shares of the mining company’s stock after selling 730 shares during the period. Phoenix Financial Ltd.’s holdings in Agnico Eagle Mines were worth $1,042,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in Agnico Eagle Mines during the second quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Agnico Eagle Mines during the first quarter valued at about $26,000. Cary Street Partners Investment Advisory LLC bought a new position in Agnico Eagle Mines during the first quarter valued at about $26,000. Private Trust Co. NA raised its holdings in Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after buying an additional 232 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in Agnico Eagle Mines during the first quarter valued at about $34,000. 68.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. National Bankshares reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. TD Securities raised their price target on Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. UBS Group raised their price target on Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Citigroup raised their price target on Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Zacks Research raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Six research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $175.20.

Agnico Eagle Mines Stock Down 8.6%

AEM stock opened at $163.12 on Wednesday. Agnico Eagle Mines Limited has a twelve month low of $75.17 and a twelve month high of $187.50. The company has a market cap of $82.02 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 0.82 and a beta of 0.46. The business’s 50-day simple moving average is $155.17 and its 200 day simple moving average is $131.68. 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 earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the business earned $1.07 earnings per share. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. On average, research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current 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.