Agnico Eagle Mines Limited $AEM Stake Lessened by Leuthold Group LLC

Leuthold Group LLC decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 46,805 shares of the mining company’s stock after selling 775 shares during the quarter. Leuthold Group LLC’s holdings in Agnico Eagle Mines were worth $5,567,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in Agnico Eagle Mines in the 2nd quarter worth about $938,644,000. Picton Mahoney Asset Management acquired a new position in shares of Agnico Eagle Mines in the 2nd quarter valued at about $134,059,000. Canada Pension Plan Investment Board lifted its position in shares of Agnico Eagle Mines by 57.4% in the first quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock worth $254,029,000 after purchasing an additional 854,924 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Agnico Eagle Mines during the first quarter worth approximately $85,926,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Agnico Eagle Mines by 21.1% during the second quarter. Geode Capital Management LLC now owns 4,136,535 shares of the mining company’s stock worth $501,717,000 after purchasing an additional 722,117 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Performance

AEM opened at $173.89 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03. The company has a market cap of $87.23 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 0.70 and a beta of 0.45. The stock has a 50-day moving average of $166.06 and a 200-day moving average of $141.54. 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 announced its earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. As a group, equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AEM has been the topic of several research reports. TD Securities upped their price objective on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. UBS Group boosted their price target on shares of Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Wall Street Zen lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Sunday. Bank of America lifted their price objective on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Agnico Eagle Mines in a research report on Wednesday. Five investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $184.50.

Agnico Eagle Mines Company 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.