SeaBridge Investment Advisors LLC Buys 1,000 Shares of Agnico Eagle Mines Ltd (NYSE:AEM)

SeaBridge Investment Advisors LLC boosted its stake in Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 100.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,000 shares of the mining company’s stock after acquiring an additional 1,000 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Agnico Eagle Mines were worth $107,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in Agnico Eagle Mines in the second quarter valued at $26,000. Carroll Financial Associates Inc. boosted its holdings in shares of Agnico Eagle Mines by 64.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 546 shares of the mining company’s stock valued at $27,000 after buying an additional 213 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at $73,000. Tyers Asset Management LLC boosted its holdings in shares of Agnico Eagle Mines by 25.0% during the 2nd quarter. Tyers Asset Management LLC now owns 1,680 shares of the mining company’s stock valued at $83,000 after buying an additional 336 shares in the last quarter. Finally, Pinebridge Investments L.P. bought a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at $121,000. Institutional investors and hedge funds own 60.56% of the company’s stock.

Shares of AEM stock traded up $0.93 during mid-day trading on Wednesday, reaching $53.95. 176,715 shares of the company’s stock traded hands, compared to its average volume of 1,363,878. The company’s 50-day moving average price is $56.13 and its 200-day moving average price is $50.66. The company has a quick ratio of 0.63, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company has a market cap of $12.71 billion, a P/E ratio of 135.97, a P/E/G ratio of 64.99 and a beta of -0.60. Agnico Eagle Mines Ltd has a 12 month low of $33.41 and a 12 month high of $64.88.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, July 24th. The mining company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.07. The firm had revenue of $526.60 million during the quarter, compared to analyst estimates of $490.93 million. Agnico Eagle Mines had a positive return on equity of 1.92% and a negative net margin of 14.74%. Agnico Eagle Mines’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 EPS. Equities analysts predict that Agnico Eagle Mines Ltd will post 0.82 earnings per share for the current year.

A number of brokerages have recently commented on AEM. Barclays set a $53.00 target price on shares of Agnico Eagle Mines and gave the company a “hold” rating in a report on Tuesday, October 15th. ValuEngine cut shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Citigroup boosted their target price on shares of Agnico Eagle Mines from $55.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their target price on shares of Agnico Eagle Mines from $68.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th. Finally, National Bank Financial boosted their target price on shares of Agnico Eagle Mines from $99.00 to $100.00 and gave the company an “outperform” rating in a report on Monday. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $63.82.

About Agnico Eagle Mines

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.

Further Reading: Equity Income

Want to see what other hedge funds are holding AEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM).

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

Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.