WINTON GROUP Ltd Acquires New Stake in Agnico Eagle Mines Limited $AEM

WINTON GROUP Ltd acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the fourth quarter, HoldingsChannel reports. The firm acquired 5,000 shares of the mining company’s stock, valued at approximately $848,000.

A number of other large investors also recently bought and sold shares of the business. Salvus Wealth Management LLC boosted its holdings in Agnico Eagle Mines by 0.9% during the 4th quarter. Salvus Wealth Management LLC now owns 6,301 shares of the mining company’s stock valued at $1,068,000 after acquiring an additional 57 shares during the period. Brookwood Investment Group LLC lifted its holdings in shares of Agnico Eagle Mines by 4.5% in the 4th quarter. Brookwood Investment Group LLC now owns 1,361 shares of the mining company’s stock worth $231,000 after buying an additional 58 shares during the period. Baron Wealth Management LLC lifted its holdings in shares of Agnico Eagle Mines by 3.2% in the 4th quarter. Baron Wealth Management LLC now owns 1,879 shares of the mining company’s stock worth $319,000 after buying an additional 59 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Agnico Eagle Mines by 1.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,266 shares of the mining company’s stock worth $893,000 after buying an additional 59 shares during the period. Finally, Baker Ellis Asset Management LLC lifted its holdings in shares of Agnico Eagle Mines by 0.8% in the 4th quarter. Baker Ellis Asset Management LLC now owns 7,550 shares of the mining company’s stock worth $1,280,000 after buying an additional 63 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 1.5%

Agnico Eagle Mines stock opened at $159.65 on Wednesday. The stock has a 50-day moving average of $192.71 and a two-hundred day moving average of $194.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. Agnico Eagle Mines Limited has a one year low of $114.60 and a one year high of $255.24. The stock has a market cap of $79.90 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 3.57 and a beta of 0.56.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 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 company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period last year, the business posted $1.53 earnings per share. The firm’s revenue was up 66.1% compared to the same quarter last year. On average, research analysts anticipate that Agnico Eagle Mines Limited will post 13.18 EPS for the current fiscal year.

Analyst Ratings Changes

AEM has been the subject of several research reports. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. TD Securities upped their target price on Agnico Eagle Mines from $241.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. TD upped their target price on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Canadian Imperial Bank of Commerce upped their target price on Agnico Eagle Mines from C$304.00 to C$310.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Finally, Barclays initiated coverage on Agnico Eagle Mines in a report on Thursday, May 21st. They issued an “overweight” rating and a $213.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.