Plaisance Capital LLC decreased its stake in shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,800 shares of the mining company’s stock after selling 3,000 shares during the period. Agnico Eagle Mines makes up about 3.0% of Plaisance Capital LLC’s investment portfolio, making the stock its 9th largest holding. Plaisance Capital LLC’s holdings in Agnico Eagle Mines were worth $2,806,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Agnico Eagle Mines by 31.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 35,820 shares of the mining company’s stock valued at $2,294,000 after purchasing an additional 8,670 shares in the last quarter. Sciencast Management LP acquired a new position in Agnico Eagle Mines during the 2nd quarter worth approximately $377,000. NN Investment Partners Holdings N.V. acquired a new position in Agnico Eagle Mines during the 2nd quarter worth approximately $230,000. BNP Paribas Arbitrage SA raised its holdings in shares of Agnico Eagle Mines by 558.6% in the first quarter. BNP Paribas Arbitrage SA now owns 65,396 shares of the mining company’s stock valued at $2,602,000 after purchasing an additional 55,467 shares during the last quarter. Finally, Creative Planning increased its stake in Agnico Eagle Mines by 5.6% in the 2nd quarter. Creative Planning now owns 6,255 shares of the mining company’s stock valued at $401,000 after buying an additional 329 shares during the last quarter. Institutional investors and hedge funds own 59.43% of the company’s stock.
AEM has been the subject of a number of analyst reports. Barclays raised their price target on Agnico Eagle Mines from $68.00 to $71.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Scotiabank raised shares of Agnico Eagle Mines from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $65.00 to $72.00 in a research report on Thursday, July 30th. TD Securities increased their price objective on shares of Agnico Eagle Mines from $77.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Raymond James raised their target price on shares of Agnico Eagle Mines from $76.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $85.00 price target on shares of Agnico Eagle Mines in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Agnico Eagle Mines presently has a consensus rating of “Buy” and an average price target of $77.36.
Agnico Eagle Mines stock traded down $1.32 during trading hours on Friday, hitting $78.86. The stock had a trading volume of 964,921 shares, compared to its average volume of 1,151,272. The stock has a market cap of $19.12 billion, a price-to-earnings ratio of 38.66, a P/E/G ratio of 47.22 and a beta of 0.87. The company has a quick ratio of 1.80, a current ratio of 3.27 and a debt-to-equity ratio of 0.36. The business’s 50 day simple moving average is $77.52 and its 200-day simple moving average is $61.05. Agnico Eagle Mines Ltd has a one year low of $31.00 and a one year high of $84.66.
Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Agnico Eagle Mines had a return on equity of 5.46% and a net margin of 18.46%. The business had revenue of $557.18 million during the quarter, compared to analysts’ expectations of $545.82 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. Research analysts anticipate that Agnico Eagle Mines Ltd will post 1.67 EPS for the current fiscal year.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
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