Caliber Wealth Management LLC KS Sells 5,194 Shares of Agnico Eagle Mines Limited $AEM

Caliber Wealth Management LLC KS trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 33.5% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 10,306 shares of the mining company’s stock after selling 5,194 shares during the quarter. Caliber Wealth Management LLC KS’s holdings in Agnico Eagle Mines were worth $1,226,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Agnico Eagle Mines by 1.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company’s stock worth $618,000 after buying an additional 85 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in shares of Agnico Eagle Mines by 31.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company’s stock valued at $40,000 after purchasing an additional 87 shares during the period. Continuum Advisory LLC grew its stake in shares of Agnico Eagle Mines by 47.0% during the 1st quarter. Continuum Advisory LLC now owns 397 shares of the mining company’s stock valued at $43,000 after purchasing an additional 127 shares during the period. US Bancorp DE grew its stake in shares of Agnico Eagle Mines by 2.0% during the 1st quarter. US Bancorp DE now owns 6,908 shares of the mining company’s stock valued at $749,000 after purchasing an additional 138 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Agnico Eagle Mines by 8.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,871 shares of the mining company’s stock valued at $223,000 after purchasing an additional 142 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AEM shares. Bank of America lifted their price objective on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Raymond James Financial boosted their price target on Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Weiss Ratings reissued a “buy (a)” rating on shares of Agnico Eagle Mines in a report on Wednesday, October 8th. Citigroup boosted their price target on Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, UBS Group boosted their price target on Agnico Eagle Mines from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Six investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and a consensus price target of $175.20.

Agnico Eagle Mines Stock Up 0.1%

Shares of AEM opened at $163.30 on Thursday. The stock has a market capitalization of $82.11 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 0.75 and a beta of 0.46. Agnico Eagle Mines Limited has a 1 year low of $75.17 and a 1 year high of $187.50. The business’s 50 day simple moving average is $155.77 and its 200-day simple moving average is $131.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 earnings per share (EPS) for the quarter, topping 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 EPS. As a group, equities analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Profile

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.