D Orazio & Associates Inc. Takes Position in Agnico Eagle Mines Limited $AEM

D Orazio & Associates Inc. purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,738 shares of the mining company’s stock, valued at approximately $207,000.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its stake in Agnico Eagle Mines by 11.5% during the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after buying an additional 331 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Agnico Eagle Mines by 34.7% in the 1st quarter. Principal Financial Group Inc. now owns 27,915 shares of the mining company’s stock worth $3,024,000 after acquiring an additional 7,185 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Agnico Eagle Mines by 28.1% in the 1st quarter. Cerity Partners LLC now owns 37,710 shares of the mining company’s stock valued at $4,088,000 after acquiring an additional 8,278 shares during the last quarter. CWM LLC raised its position in shares of Agnico Eagle Mines by 45.7% during the 1st quarter. CWM LLC now owns 7,649 shares of the mining company’s stock valued at $829,000 after acquiring an additional 2,399 shares in the last quarter. Finally, Sigma Planning Corp bought a new position in Agnico Eagle Mines during the first quarter worth $692,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

NYSE AEM opened at $168.67 on Friday. The company has a 50-day moving average price of $163.19 and a two-hundred day moving average price of $137.32. Agnico Eagle Mines Limited has a 52 week low of $75.17 and a 52 week high of $187.50. The stock has a market cap of $84.75 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 0.70 and a beta of 0.45. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03.

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 analysts’ consensus estimates of $1.76 by $0.40. The company 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 in the previous year, the company posted $1.14 earnings per share. Analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Wall Street Analyst Weigh In

AEM has been the subject of several recent research reports. TD Securities boosted their target price on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 9th. Scotiabank restated an “outperform” rating on shares of Agnico Eagle Mines in a research note on Thursday, October 23rd. Weiss Ratings lowered Agnico Eagle Mines from a “buy (a)” rating to a “buy (b+)” rating in a report on Friday, October 24th. Finally, Citigroup raised their price target on Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $184.50.

About Agnico Eagle Mines

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.