PKO Investment Management Joint Stock Co Acquires 9,035 Shares of Agnico Eagle Mines Limited $AEM

PKO Investment Management Joint Stock Co boosted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,680 shares of the mining company’s stock after acquiring an additional 9,035 shares during the quarter. Agnico Eagle Mines accounts for about 3.0% of PKO Investment Management Joint Stock Co’s portfolio, making the stock its 5th largest position. PKO Investment Management Joint Stock Co’s holdings in Agnico Eagle Mines were worth $35,990,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEM. Generate Investment Management Ltd bought a new position in shares of Agnico Eagle Mines during the first quarter valued at $19,283,000. XML Financial LLC grew its stake in shares of Agnico Eagle Mines by 17.4% in the first quarter. XML Financial LLC now owns 2,694 shares of the mining company’s stock worth $547,000 after purchasing an additional 400 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Agnico Eagle Mines by 8.3% in the first quarter. Brookstone Capital Management now owns 1,740 shares of the mining company’s stock worth $353,000 after purchasing an additional 133 shares during the last quarter. SG Americas Securities LLC increased its holdings in Agnico Eagle Mines by 105.6% in the first quarter. SG Americas Securities LLC now owns 6,888 shares of the mining company’s stock valued at $1,398,000 after purchasing an additional 130,980 shares during the period. Finally, Evolve Private Wealth LLC increased its holdings in Agnico Eagle Mines by 11.3% in the first quarter. Evolve Private Wealth LLC now owns 5,063 shares of the mining company’s stock valued at $1,028,000 after purchasing an additional 513 shares during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on AEM. Weiss Ratings lowered Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Wall Street Zen cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. JPMorgan Chase & Co. raised their price objective on Agnico Eagle Mines from $220.00 to $222.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Zacks Research lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, TD upped their target price on Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.08.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $166.79 on Tuesday. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $185.16 and a two-hundred day moving average price of $194.51. Agnico Eagle Mines Limited has a 1-year low of $114.60 and a 1-year high of $255.24. The company has a market cap of $84.66 billion, a P/E ratio of 15.68, a PEG ratio of 3.66 and a beta of 0.56.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.21. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The business’s quarterly revenue was up 66.1% on a year-over-year basis. During the same period last year, the company posted $1.53 EPS. As a group, analysts anticipate that Agnico Eagle Mines Limited will post 13.2 EPS for the current year.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.