Agnico Eagle Mines Limited $AEM Shares Sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. lessened its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.1% during the fourth quarter, HoldingsChannel reports. The firm owned 139,427 shares of the mining company’s stock after selling 9,093 shares during the period. Agnico Eagle Mines accounts for 1.1% of GW Henssler & Associates Ltd.’s portfolio, making the stock its 27th largest position. GW Henssler & Associates Ltd.’s holdings in Agnico Eagle Mines were worth $23,637,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Catalyst Capital Advisors LLC lifted its stake in shares of Agnico Eagle Mines by 93.2% during the fourth quarter. Catalyst Capital Advisors LLC now owns 1,835 shares of the mining company’s stock worth $311,000 after purchasing an additional 885 shares in the last quarter. Forsta AP Fonden lifted its stake in shares of Agnico Eagle Mines by 62.6% in the fourth quarter. Forsta AP Fonden now owns 173,800 shares of the mining company’s stock worth $29,512,000 after acquiring an additional 66,900 shares in the last quarter. Norges Bank acquired a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $1,367,783,000. Fort Sheridan Advisors LLC lifted its stake in shares of Agnico Eagle Mines by 17.8% in the fourth quarter. Fort Sheridan Advisors LLC now owns 2,060 shares of the mining company’s stock worth $349,000 after acquiring an additional 311 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $2,348,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 3.5%

Shares of NYSE AEM opened at $176.66 on Tuesday. The stock’s 50 day moving average price is $194.84 and its two-hundred day moving average price is $194.63. Agnico Eagle Mines Limited has a 52-week low of $114.60 and a 52-week high of $255.24. The stock has a market capitalization of $88.41 billion, a P/E ratio of 16.60, a PEG ratio of 3.99 and a beta of 0.58. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the prior year, the firm posted $1.53 earnings per share. Agnico Eagle Mines’s revenue for the quarter was up 66.1% compared to the same quarter last year. On average, analysts anticipate that Agnico Eagle Mines Limited will post 13.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on AEM. UBS Group cut their price target on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Canadian Imperial Bank of Commerce boosted their price target on Agnico Eagle Mines from C$304.00 to C$310.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research note on Monday, May 4th. Barclays started coverage on shares of Agnico Eagle Mines in a report on Thursday, May 21st. They set an “overweight” rating and a $213.00 price objective for the company. Finally, TD Securities raised their price objective on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.08.

Agnico Eagle Mines Company 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.