Agnico Eagle Mines Limited $AEM Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. cut its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 94.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,566 shares of the mining company’s stock after selling 490,373 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Agnico Eagle Mines were worth $4,681,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. MCF Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the 3rd quarter worth about $34,000. Abound Wealth Management grew its holdings in Agnico Eagle Mines by 99.0% in the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after purchasing an additional 104 shares during the period. Lodestone Wealth Management LLC acquired a new position in Agnico Eagle Mines during the fourth quarter worth approximately $35,000. Caitlin John LLC acquired a new position in Agnico Eagle Mines during the third quarter worth approximately $36,000. Finally, Bangor Savings Bank purchased a new position in Agnico Eagle Mines during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

AEM opened at $183.56 on Friday. Agnico Eagle Mines Limited has a twelve month low of $114.60 and a twelve month high of $255.24. The firm has a market cap of $91.87 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 3.99 and a beta of 0.58. 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 company has a fifty day simple moving average of $195.01 and a 200 day simple moving average of $194.38.

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, beating analysts’ consensus estimates of $3.19 by $0.21. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The firm’s revenue for the quarter was up 66.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 EPS. Equities research analysts expect that Agnico Eagle Mines Limited will post 13.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of research analyst reports. TD Securities lifted their price target on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. increased their target price 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. UBS Group lowered their price target on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. Finally, Weiss Ratings lowered Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $236.08.

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.