Agnico Eagle Mines Limited $AEM Shares Sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. trimmed its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,427 shares of the mining company’s stock after selling 9,093 shares during the quarter. Agnico Eagle Mines makes up 1.1% of GW Henssler & Associates Ltd.’s portfolio, making the stock its 27th biggest holding. GW Henssler & Associates Ltd.’s holdings in Agnico Eagle Mines were worth $23,637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Agnico Eagle Mines by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 20,979,666 shares of the mining company’s stock valued at $3,557,772,000 after purchasing an additional 309,717 shares during the period. Capital World Investors grew its position in shares of Agnico Eagle Mines by 20.0% in the third quarter. Capital World Investors now owns 20,765,804 shares of the mining company’s stock valued at $3,497,470,000 after purchasing an additional 3,462,968 shares during the period. TD Asset Management Inc grew its position in shares of Agnico Eagle Mines by 1.5% in the third quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock valued at $1,600,436,000 after purchasing an additional 143,645 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Agnico Eagle Mines by 3.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 8,589,745 shares of the mining company’s stock valued at $1,447,494,000 after purchasing an additional 292,949 shares during the period. Finally, Norges Bank purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at $1,367,783,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Erste Group Bank downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Barclays assumed coverage on Agnico Eagle Mines in a research report on Thursday, May 21st. They issued an “overweight” rating and a $213.00 price objective for the company. Canadian Imperial Bank of Commerce lifted their price objective on Agnico Eagle Mines from C$304.00 to C$310.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Zacks Research downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, TD Securities boosted their price target on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.08.

Agnico Eagle Mines Price Performance

AEM stock opened at $176.66 on Tuesday. The stock has a 50-day moving average price of $194.84 and a two-hundred day moving average price of $194.63. Agnico Eagle Mines Limited has a 12-month low of $114.60 and a 12-month high of $255.24. 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 market cap of $88.41 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 3.99 and a beta of 0.58.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the business earned $1.53 earnings per share. The firm’s quarterly revenue was up 66.1% compared to the same quarter last year. As a group, research analysts predict that Agnico Eagle Mines Limited will post 13.14 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.