Nykredit A S Buys New Position in Agnico Eagle Mines Limited $AEM

Nykredit A S bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the second quarter, Holdings Channel.com reports. The fund bought 207,092 shares of the mining company’s stock, valued at approximately $32,165,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Acumen Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 4th quarter worth approximately $26,000. Dunhill Financial LLC bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at $31,000. Fiduciary Financial Advisors acquired a new stake in shares of Agnico Eagle Mines during the second quarter worth $32,000. Jessup Wealth Management Inc acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $35,000. Finally, Allied Private Wealth LLC bought a new position in Agnico Eagle Mines during the second quarter worth $36,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AEM. Scotia dropped their target price on shares of Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating on the stock in a report on Friday, July 3rd. Royal Bank Of Canada decreased their price target on Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating for the company in a report on Thursday, July 9th. Canadian Imperial Bank of Commerce set a $285.00 price objective on Agnico Eagle Mines in a research report on Thursday, July 16th. UBS Group dropped their price objective on Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Finally, Bank of America dropped their price objective on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $226.00.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $207.24 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a twelve month low of $134.38 and a twelve month high of $255.24. The company has a fifty day moving average of $168.77 and a 200-day moving average of $186.93. The firm has a market capitalization of $105.05 billion, a P/E ratio of 17.73, a P/E/G ratio of 2.45 and a beta of 0.67.

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