Titan Investment Solutions Ltd Takes $1.66 Million Position in Agnico Eagle Mines Limited $AEM

Titan Investment Solutions Ltd purchased a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 9,770 shares of the mining company’s stock, valued at approximately $1,656,000.

A number of other hedge funds have also recently made changes to their positions in the company. Salvus Wealth Management LLC grew its position in Agnico Eagle Mines by 0.9% in the fourth quarter. Salvus Wealth Management LLC now owns 6,301 shares of the mining company’s stock worth $1,068,000 after acquiring an additional 57 shares in the last quarter. Brookwood Investment Group LLC grew its position in Agnico Eagle Mines by 4.5% in the fourth quarter. Brookwood Investment Group LLC now owns 1,361 shares of the mining company’s stock worth $231,000 after acquiring an additional 58 shares in the last quarter. Baron Wealth Management LLC grew its position in Agnico Eagle Mines by 3.2% in the fourth quarter. Baron Wealth Management LLC now owns 1,879 shares of the mining company’s stock worth $319,000 after acquiring an additional 59 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position 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 acquiring an additional 59 shares in the last quarter. Finally, Baker Ellis Asset Management LLC grew its position in Agnico Eagle Mines by 0.8% in the fourth quarter. Baker Ellis Asset Management LLC now owns 7,550 shares of the mining company’s stock worth $1,280,000 after acquiring an additional 63 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AEM shares. TD Securities upped their target price on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Scotiabank restated an “outperform” rating and set a $280.00 price target on shares of Agnico Eagle Mines in a research report on Tuesday, February 17th. TD upped their price target on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Erste Group Bank lowered shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. One investment 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $236.08.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $162.70 on Friday. The company has a 50-day simple moving average of $190.08 and a two-hundred day simple moving average of $194.36. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 12-month low of $114.60 and a 12-month high of $255.24. The firm has a market cap of $81.43 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 3.46 and a beta of 0.56.

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 the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the business posted $1.53 earnings per share. The company’s revenue was up 66.1% on a year-over-year basis. On average, equities analysts forecast that Agnico Eagle Mines Limited will post 13.2 EPS for the current year.

Agnico Eagle Mines 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.