Howland Capital Management LLC Boosts Stake in Agnico Eagle Mines Ltd (NYSE:AEM)

Howland Capital Management LLC lifted its stake in Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 23.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,948 shares of the mining company’s stock after purchasing an additional 42,248 shares during the period. Howland Capital Management LLC owned 0.09% of Agnico Eagle Mines worth $11,219,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AEM. Carroll Financial Associates Inc. increased its stake in shares of Agnico Eagle Mines by 64.0% in the 2nd quarter. Carroll Financial Associates Inc. now owns 546 shares of the mining company’s stock worth $27,000 after purchasing an additional 213 shares in the last quarter. Signaturefd LLC increased its stake in shares of Agnico Eagle Mines by 36.2% in the 1st quarter. Signaturefd LLC now owns 1,743 shares of the mining company’s stock worth $76,000 after purchasing an additional 463 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Agnico Eagle Mines by 26.2% in the 1st quarter. Quadrant Capital Group LLC now owns 2,483 shares of the mining company’s stock worth $105,000 after purchasing an additional 515 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Agnico Eagle Mines by 18.2% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,600 shares of the mining company’s stock worth $113,000 after purchasing an additional 400 shares in the last quarter. Finally, HL Financial Services LLC purchased a new stake in shares of Agnico Eagle Mines in the 1st quarter worth $200,000. Hedge funds and other institutional investors own 61.88% of the company’s stock.

AEM has been the subject of several analyst reports. Barclays set a $192.00 price objective on Tesla and gave the stock a “sell” rating in a research note on Tuesday, April 9th. Raymond James assumed coverage on PennantPark Investment in a research note on Monday, April 29th. They issued an “outperform” rating and a $8.00 price objective for the company. GMP Securities downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $26.00 target price for the company. in a report on Tuesday, April 23rd. Citigroup reaffirmed a “buy” rating and issued a $25.00 target price on shares of Propetro in a report on Tuesday, July 2nd. Finally, Desjardins reaffirmed an “average” rating and issued a $63.00 target price on shares of Agnico Eagle Mines in a report on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $53.05.

Agnico Eagle Mines stock traded up $0.21 during mid-day trading on Thursday, hitting $53.86. The stock had a trading volume of 1,511,090 shares, compared to its average volume of 1,295,224. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 177.33, a P/E/G ratio of 90.94 and a beta of -0.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.96 and a quick ratio of 1.43. The company has a 50 day moving average of $50.14. Agnico Eagle Mines Ltd has a one year low of $32.18 and a one year high of $54.20.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, July 24th. The mining company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.07. The company had revenue of $526.60 million during the quarter, compared to the consensus estimate of $490.93 million. Agnico Eagle Mines had a negative net margin of 15.60% and a positive return on equity of 1.47%. Agnico Eagle Mines’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS. On average, research analysts predict that Agnico Eagle Mines Ltd will post 0.58 earnings per share for the current year.

Agnico Eagle Mines 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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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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