Marks Group Wealth Management Inc Buys Shares of 1,926 Agnico Eagle Mines Limited $AEM

Marks Group Wealth Management Inc purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,926 shares of the mining company’s stock, valued at approximately $229,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC purchased a new stake in Agnico Eagle Mines in the second quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Agnico Eagle Mines during the 1st quarter worth about $26,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Agnico Eagle Mines in the 1st quarter valued at about $26,000. Private Trust Co. NA lifted its position in Agnico Eagle Mines by 454.9% in the first quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after buying an additional 232 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in Agnico Eagle Mines during the first quarter worth about $34,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEM has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (a)” rating on shares of Agnico Eagle Mines in a research note on Saturday, September 27th. Zacks Research upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. TD Securities raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Thursday, July 17th. Lake Street Capital restated a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Finally, Bank of America raised their price target on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Seven analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $141.40.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $170.45 on Tuesday. The firm has a 50 day moving average of $146.31 and a two-hundred day moving average of $126.83. The stock has a market capitalization of $85.70 billion, a PE ratio of 28.99, a P/E/G ratio of 1.14 and a beta of 0.46. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. Agnico Eagle Mines Limited has a 52 week low of $75.17 and a 52 week high of $172.21.

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

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.