Groupe la Francaise Has $16.71 Million Position in Agnico Eagle Mines Limited $AEM

Groupe la Francaise grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 8.9% during the first quarter, Holdings Channel.com reports. The firm owned 155,851 shares of the mining company’s stock after acquiring an additional 12,691 shares during the period. Groupe la Francaise’s holdings in Agnico Eagle Mines were worth $16,713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Agnico Eagle Mines during the first quarter worth $26,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Agnico Eagle Mines in the first quarter worth about $26,000. Private Trust Co. NA lifted its position in Agnico Eagle Mines by 454.9% in the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after acquiring an additional 232 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Agnico Eagle Mines in the 1st quarter valued at $34,000. Finally, Dagco Inc. bought a new position in shares of Agnico Eagle Mines during the first quarter worth about $39,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 0.6%

AEM stock opened at $137.0970 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $125.39 and a two-hundred day moving average price of $114.59. The company has a market cap of $68.94 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 0.94 and a beta of 0.44. Agnico Eagle Mines Limited has a twelve month low of $75.17 and a twelve month high of $138.02.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The business’s revenue was up 35.6% compared to the same quarter last year. During the same period last year, the company earned $1.07 earnings per share. Analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Analyst Ratings Changes

AEM has been the subject of a number of research reports. Lake Street Capital reiterated a “buy” rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Cfra Research upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Friday, April 25th. Royal Bank Of Canada increased their price objective on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Raymond James Financial upgraded Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 price objective for the company in a report on Monday, June 30th. Finally, Bank of America increased their price objective on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Five investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines has an average rating of “Buy” and an average target price of $136.90.

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.