Agnico Eagle Mines Limited $AEM Shares Acquired by WealthTrust Axiom LLC

WealthTrust Axiom LLC boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 15.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,341 shares of the mining company’s stock after acquiring an additional 7,266 shares during the period. Agnico Eagle Mines accounts for about 1.9% of WealthTrust Axiom LLC’s investment portfolio, making the stock its 9th largest position. WealthTrust Axiom LLC’s holdings in Agnico Eagle Mines were worth $6,463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEM. Hussman Strategic Advisors Inc. lifted its stake in Agnico Eagle Mines by 87.5% in the 2nd quarter. Hussman Strategic Advisors Inc. now owns 153,000 shares of the mining company’s stock valued at $18,196,000 after buying an additional 71,400 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the second quarter worth $232,000. Zurich Insurance Group Ltd FI lifted its position in shares of Agnico Eagle Mines by 32.6% in the first quarter. Zurich Insurance Group Ltd FI now owns 509,058 shares of the mining company’s stock valued at $55,214,000 after acquiring an additional 125,223 shares in the last quarter. Atticus Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines during the second quarter valued at $222,000. Finally, Sienna Gestion increased its position in Agnico Eagle Mines by 10.3% during the 2nd quarter. Sienna Gestion now owns 95,400 shares of the mining company’s stock worth $10,357,000 after purchasing an additional 8,900 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 4.3%

Shares of NYSE AEM opened at $173.07 on Friday. The stock has a market capitalization of $86.82 billion, a PE ratio of 25.27, a P/E/G ratio of 0.70 and a beta of 0.45. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average of $165.80 and a 200-day moving average of $140.83. Agnico Eagle Mines Limited has a 52-week low of $76.91 and a 52-week high of $187.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.40. Agnico Eagle Mines had a return on equity of 15.97% and a net margin of 32.62%.The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the company posted $1.14 EPS. On average, analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on AEM shares. Raymond James Financial upped their target price on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Wall Street Zen raised shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “buy (a-)” rating on shares of Agnico Eagle Mines in a research report on Wednesday. UBS Group boosted their price target on Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, Zacks Research downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Five investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $184.50.

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.