Dynamic Technology Lab Private Ltd Acquires New Stake in Agnico Eagle Mines Limited $AEM

Dynamic Technology Lab Private Ltd bought a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,290 shares of the mining company’s stock, valued at approximately $1,937,000.

Other hedge funds have also recently made changes to their positions in the company. Hussman Strategic Advisors Inc. lifted its holdings in Agnico Eagle Mines by 87.5% during the second quarter. Hussman Strategic Advisors Inc. now owns 153,000 shares of the mining company’s stock valued at $18,196,000 after purchasing an additional 71,400 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Agnico Eagle Mines in the second quarter worth about $232,000. Zurich Insurance Group Ltd FI raised 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 purchasing an additional 125,223 shares during the period. Atticus Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at approximately $222,000. Finally, Sienna Gestion boosted its holdings in Agnico Eagle Mines by 10.3% in the 2nd quarter. Sienna Gestion now owns 95,400 shares of the mining company’s stock worth $10,357,000 after buying an additional 8,900 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Zacks Research cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Bank of America lifted their price target 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. UBS Group increased their price objective on Agnico Eagle Mines from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Weiss Ratings upgraded Agnico Eagle Mines from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, November 14th. Finally, Scotiabank reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Thursday, October 23rd. Five analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $184.50.

Agnico Eagle Mines Price Performance

NYSE:AEM opened at $167.53 on Thursday. Agnico Eagle Mines Limited has a 52-week low of $76.91 and a 52-week high of $187.50. The stock has a fifty day moving average of $164.29 and a 200 day moving average of $138.92. 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 firm has a market capitalization of $84.04 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 0.70 and a beta of 0.45.

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

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.