TD Waterhouse Canada Inc. Buys 134,147 Shares of Agnico Eagle Mines Limited $AEM

TD Waterhouse Canada Inc. boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 13.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,133,384 shares of the mining company’s stock after purchasing an additional 134,147 shares during the quarter. Agnico Eagle Mines accounts for about 1.3% of TD Waterhouse Canada Inc.’s portfolio, making the stock its 19th largest holding. TD Waterhouse Canada Inc. owned approximately 0.23% of Agnico Eagle Mines worth $192,951,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in shares of Agnico Eagle Mines in the 2nd quarter valued at approximately $25,000. True Wealth Design LLC raised its position in Agnico Eagle Mines by 381.3% in the third quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after purchasing an additional 122 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Agnico Eagle Mines during the 2nd quarter worth approximately $29,000. City State Bank lifted its holdings in shares of Agnico Eagle Mines by 69.2% during the second quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after purchasing an additional 110 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted 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 worth $33,000 after buying an additional 74 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AEM has been the topic of a number of recent analyst reports. Raymond James Financial restated an “outperform” rating and issued a $225.00 price target on shares of Agnico Eagle Mines in a research report on Wednesday, January 14th. Scotiabank boosted their price target on shares of Agnico Eagle Mines from $219.00 to $276.00 and gave the company an “outperform” rating in a research note on Monday. Citigroup lifted their target price on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Jefferies Financial Group set a $189.00 target price on Agnico Eagle Mines in a research report on Sunday, December 7th. Finally, Bank of America raised their target price on Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $217.40.

Agnico Eagle Mines Price Performance

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. Agnico Eagle Mines Limited has a 1 year low of $89.16 and a 1 year high of $224.30. The stock’s 50 day simple moving average is $181.18 and its 200 day simple moving average is $161.10. The firm has a market cap of $111.74 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 0.63 and a beta of 0.63.

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

Agnico Eagle Mines 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.