Lmcg Investments LLC Has $34.20 Million Stock Position in Agnico Eagle Mines Limited $AEM

Lmcg Investments LLC trimmed its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 168,516 shares of the mining company’s stock after selling 13,235 shares during the period. Agnico Eagle Mines makes up about 2.0% of Lmcg Investments LLC’s investment portfolio, making the stock its 8th largest position. Lmcg Investments LLC’s holdings in Agnico Eagle Mines were worth $34,205,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cvfg LLC purchased a new position in shares of Agnico Eagle Mines during the first quarter worth about $2,194,000. Nicholas Hoffman & Company LLC. raised its stake in Agnico Eagle Mines by 20.0% in the first quarter. Nicholas Hoffman & Company LLC. now owns 1,904 shares of the mining company’s stock valued at $386,000 after purchasing an additional 317 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in Agnico Eagle Mines by 9.1% in the first quarter. Resonant Capital Advisors LLC now owns 3,231 shares of the mining company’s stock valued at $656,000 after purchasing an additional 270 shares in the last quarter. Clare Market Investments LLC bought a new stake in Agnico Eagle Mines during the first quarter valued at approximately $2,291,000. Finally, O Domhnaill Enterprises Inc. purchased a new position in Agnico Eagle Mines in the 1st quarter worth approximately $1,155,000. 68.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AEM shares. Wall Street Zen raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Barclays lowered their price target on Agnico Eagle Mines from $213.00 to $210.00 and set an “overweight” rating on the stock in a research report on Monday. Scotia cut their price objective on Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating for the company in a report on Friday, July 3rd. Weiss Ratings lowered Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.85.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $150.21 on Wednesday. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. The stock has a market cap of $76.24 billion, a PE ratio of 14.12, a PEG ratio of 3.40 and a beta of 0.60. The company’s fifty day moving average is $172.67 and its 200 day moving average is $193.51. Agnico Eagle Mines Limited has a 52 week low of $115.19 and a 52 week high of $255.24.

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, beating analysts’ consensus estimates of $3.19 by $0.21. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The company’s revenue for the quarter was up 66.1% compared to the same quarter last year. During the same period last year, the firm earned $1.53 earnings per share. Research analysts anticipate that Agnico Eagle Mines Limited will post 13.22 earnings per share for the current year.

About Agnico Eagle Mines

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.