Agnico Eagle Mines Limited $AEM Position Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1,302.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,119 shares of the mining company’s stock after acquiring an additional 65,121 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Agnico Eagle Mines were worth $10,878,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Agnico Eagle Mines by 1.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,266 shares of the mining company’s stock worth $893,000 after purchasing an additional 59 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Agnico Eagle Mines by 0.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,284 shares of the mining company’s stock valued at $2,422,000 after buying an additional 63 shares in the last quarter. Syon Capital LLC lifted its holdings in Agnico Eagle Mines by 1.8% during the 4th quarter. Syon Capital LLC now owns 3,675 shares of the mining company’s stock worth $623,000 after buying an additional 65 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Agnico Eagle Mines by 1.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,289 shares of the mining company’s stock worth $728,000 after buying an additional 67 shares during the last quarter. Finally, Rossby Financial LCC grew its position in shares of Agnico Eagle Mines by 1.1% in the 4th quarter. Rossby Financial LCC now owns 7,061 shares of the mining company’s stock worth $1,197,000 after acquiring an additional 74 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Canadian Imperial Bank of Commerce set a $285.00 price objective on Agnico Eagle Mines in a research note on Thursday, July 16th. Jefferies Financial Group raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $187.00 to $200.00 in a report on Monday, July 6th. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada dropped their target price on shares of Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating on the stock in a report on Thursday, July 9th. Twelve investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average target price of $226.00.

Agnico Eagle Mines Stock Up 0.0%

NYSE:AEM opened at $204.75 on Monday. The firm has a market capitalization of $103.79 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.55 and a beta of 0.67. The stock has a 50 day moving average of $169.72 and a 200-day moving average of $186.84. Agnico Eagle Mines Limited has a 52 week low of $134.38 and a 52 week high of $255.24. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.16. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.The business’s quarterly revenue was up 35.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 EPS. Analysts predict that Agnico Eagle Mines Limited will post 11.56 EPS for the current year.

About Agnico Eagle Mines

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.