Agnico Eagle Mines Limited $AEM Stock Position Trimmed by Sigma Planning Corp

Sigma Planning Corp trimmed its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 56.6% in the first quarter, HoldingsChannel reports. The firm owned 6,891 shares of the mining company’s stock after selling 8,991 shares during the period. Sigma Planning Corp’s holdings in Agnico Eagle Mines were worth $1,399,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its position in Agnico Eagle Mines by 42.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock worth $11,088,000 after acquiring an additional 19,647 shares during the period. Gunderson Capital Management Inc. increased its holdings in shares of Agnico Eagle Mines by 187.6% during the fourth quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock valued at $8,155,000 after purchasing an additional 31,378 shares during the period. TB Alternative Assets Ltd. raised its stake in shares of Agnico Eagle Mines by 34.2% during the fourth quarter. TB Alternative Assets Ltd. now owns 229,630 shares of the mining company’s stock valued at $38,929,000 after purchasing an additional 58,490 shares in the last quarter. J. Safra Sarasin Holding AG raised its stake in shares of Agnico Eagle Mines by 36.1% during the fourth quarter. J. Safra Sarasin Holding AG now owns 46,141 shares of the mining company’s stock valued at $7,822,000 after purchasing an additional 12,244 shares in the last quarter. Finally, SteelPeak Wealth LLC acquired a new stake in Agnico Eagle Mines in the fourth quarter worth about $2,198,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $136.89 on Friday. Agnico Eagle Mines Limited has a twelve month low of $117.65 and a twelve month high of $255.24. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $69.48 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 1.81 and a beta of 0.60. The firm has a 50-day moving average of $165.41 and a two-hundred day moving average of $191.42.

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, topping the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the company posted $1.53 EPS. The business’s revenue was up 66.1% compared to the same quarter last year. As a group, analysts expect that Agnico Eagle Mines Limited will post 12.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AEM. Wall Street Zen lowered shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Citigroup reaffirmed a “positive” rating on shares of Agnico Eagle Mines in a research note on Wednesday. Erste Group Bank cut shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Finally, Zacks Research cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $233.62.

Agnico Eagle Mines 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.