Blair William & Co. IL Reduces Position in Agnico Eagle Mines Limited $AEM

Blair William & Co. IL decreased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 15,617 shares of the mining company’s stock after selling 370 shares during the quarter. Blair William & Co. IL’s holdings in Agnico Eagle Mines were worth $1,857,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Mainstay Capital Management LLC ADV purchased a new position in Agnico Eagle Mines during the second quarter worth $215,000. US Bancorp DE increased its position in Agnico Eagle Mines by 53.5% during the second quarter. US Bancorp DE now owns 10,605 shares of the mining company’s stock worth $1,261,000 after buying an additional 3,697 shares in the last quarter. Vontobel Holding Ltd. increased its position in Agnico Eagle Mines by 7.1% during the second quarter. Vontobel Holding Ltd. now owns 30,185 shares of the mining company’s stock worth $3,599,000 after buying an additional 2,006 shares in the last quarter. Nelson Capital Management LLC increased its position in Agnico Eagle Mines by 0.8% during the second quarter. Nelson Capital Management LLC now owns 57,346 shares of the mining company’s stock worth $6,820,000 after buying an additional 450 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new position in Agnico Eagle Mines during the second quarter worth $232,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AEM shares. Lake Street Capital reaffirmed a “buy” rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Agnico Eagle Mines in a research report on Wednesday, October 8th. TD Securities lifted their price objective 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. National Bankshares reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. 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 analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $162.10.

Agnico Eagle Mines Price Performance

Shares of Agnico Eagle Mines stock opened at $171.31 on Wednesday. Agnico Eagle Mines Limited has a twelve month low of $75.17 and a twelve month high of $173.50. The stock has a market capitalization of $86.14 billion, a P/E ratio of 29.13, a PEG ratio of 1.14 and a beta of 0.46. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average price is $151.12 and its 200 day moving average price is $129.26.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 earnings per share. As a group, 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.