Hollencrest Capital Management Increases Stock Position in Agnico Eagle Mines Limited $AEM

Hollencrest Capital Management grew its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,025 shares of the mining company’s stock after buying an additional 4,119 shares during the period. Hollencrest Capital Management’s holdings in Agnico Eagle Mines were worth $10,118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AEM. Pure Portfolios Holdings LLC grew its stake in shares of Agnico Eagle Mines by 1.6% during the third quarter. Pure Portfolios Holdings LLC now owns 3,781 shares of the mining company’s stock valued at $637,000 after buying an additional 60 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of Agnico Eagle Mines by 1.2% in the third quarter. HB Wealth Management LLC now owns 5,640 shares of the mining company’s stock worth $951,000 after purchasing an additional 69 shares during the last quarter. Union Bancaire Privee UBP SA increased its stake in shares of Agnico Eagle Mines by 1.6% in the third quarter. Union Bancaire Privee UBP SA now owns 4,446 shares of the mining company’s stock worth $749,000 after buying an additional 72 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in Agnico Eagle Mines by 59.7% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after buying an additional 74 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its position in Agnico Eagle Mines by 0.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 8,232 shares of the mining company’s stock valued at $979,000 after buying an additional 77 shares during the period. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 3.2%

NYSE:AEM opened at $223.17 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 1.31. The firm’s 50-day moving average price is $181.18 and its 200-day moving average price is $161.10. The company has a market capitalization of $111.74 billion, a PE ratio of 32.58, a P/E/G ratio of 0.63 and a beta of 0.63. Agnico Eagle Mines Limited has a 1-year low of $89.16 and a 1-year high of $224.30.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.76 by $0.40. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.64%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. On average, equities analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on AEM shares. Wall Street Zen upgraded shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 19th. TD Securities boosted their price target on Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on Agnico Eagle Mines in a report on Thursday. They issued a “neutral” rating and a $248.00 price objective for the company. Royal Bank Of Canada cut Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $185.00 to $205.00 in a research note on Wednesday, December 10th. Finally, CIBC lifted their price target on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Four research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $220.18.

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.