Evelyn Partners Investment Management LLP Sells 24,708 Shares of Agnico Eagle Mines Limited $AEM

Evelyn Partners Investment Management LLP trimmed its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 15.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,375 shares of the mining company’s stock after selling 24,708 shares during the period. Evelyn Partners Investment Management LLP’s holdings in Agnico Eagle Mines were worth $22,280,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Acumen Wealth Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $26,000. Lodestone Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $35,000. Jessup Wealth Management Inc purchased a new position in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $35,000. Abound Wealth Management raised its holdings in shares of Agnico Eagle Mines by 99.0% during the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after purchasing an additional 104 shares during the last quarter. Finally, Caitlin John LLC purchased a new position in shares of Agnico Eagle Mines during the third quarter valued at approximately $36,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AEM shares. TD Securities boosted their price objective on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. UBS Group decreased their price objective on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a report on Friday, March 27th. Zacks Research cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Finally, Scotiabank reissued an “outperform” rating and set a $280.00 price objective on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.08.

Agnico Eagle Mines Stock Up 3.1%

Shares of AEM stock opened at $162.70 on Friday. Agnico Eagle Mines Limited has a 12 month low of $114.60 and a 12 month high of $255.24. The stock has a market cap of $81.43 billion, a P/E ratio of 15.29, a P/E/G ratio of 3.57 and a beta of 0.56. 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 50 day simple moving average of $190.08 and a two-hundred day simple moving average of $194.36.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the prior year, the company earned $1.53 earnings per share. The firm’s revenue was up 66.1% on a year-over-year basis. On average, research analysts expect that Agnico Eagle Mines Limited will post 13.2 earnings per share for the current year.

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.