WFG Advisors LP grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 8.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,889 shares of the mining company’s stock after acquiring an additional 309 shares during the quarter. WFG Advisors LP’s holdings in Agnico Eagle Mines Limited were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Capstone Asset Management Co. boosted its position in shares of Agnico Eagle Mines Limited by 0.3% in the second quarter. Capstone Asset Management Co. now owns 34,381 shares of the mining company’s stock valued at $1,551,000 after acquiring an additional 110 shares during the period. Colony Group LLC boosted its position in shares of Agnico Eagle Mines Limited by 2.4% in the first quarter. Colony Group LLC now owns 7,365 shares of the mining company’s stock valued at $313,000 after acquiring an additional 175 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of Agnico Eagle Mines Limited by 3.5% in the second quarter. Wetherby Asset Management Inc. now owns 5,110 shares of the mining company’s stock valued at $230,000 after acquiring an additional 175 shares during the period. Korea Investment CORP boosted its position in shares of Agnico Eagle Mines Limited by 3.1% in the second quarter. Korea Investment CORP now owns 14,258 shares of the mining company’s stock valued at $642,000 after acquiring an additional 428 shares during the period. Finally, Advisor Group Inc. boosted its position in shares of Agnico Eagle Mines Limited by 2.5% in the second quarter. Advisor Group Inc. now owns 20,304 shares of the mining company’s stock valued at $916,000 after acquiring an additional 497 shares during the period. 59.00% of the stock is owned by institutional investors.

AEM has been the subject of several research reports. ValuEngine raised Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut Agnico Eagle Mines Limited from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Credit Suisse Group reissued a “buy” rating and issued a $59.00 price objective (down from $64.00) on shares of Agnico Eagle Mines Limited in a research report on Monday, September 25th. BMO Capital Markets set a $47.00 price objective on Agnico Eagle Mines Limited and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $54.00 target price on shares of Agnico Eagle Mines Limited in a research report on Tuesday, July 18th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Agnico Eagle Mines Limited currently has a consensus rating of “Buy” and a consensus price target of $54.56.

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Shares of Agnico Eagle Mines Limited (AEM) traded down 0.76% on Friday, reaching $44.32. The company had a trading volume of 69,239 shares. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 63.31 and a beta of -0.76. The company’s 50-day moving average price is $47.26 and its 200-day moving average price is $46.75. Agnico Eagle Mines Limited has a 52-week low of $35.05 and a 52-week high of $53.17.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, July 26th. The mining company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.10. Agnico Eagle Mines Limited had a return on equity of 5.38% and a net margin of 11.32%. The business had revenue of $549.88 million during the quarter, compared to the consensus estimate of $529.43 million. During the same period in the prior year, the company earned $0.16 EPS. Agnico Eagle Mines Limited’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that Agnico Eagle Mines Limited will post $0.83 earnings per share for the current year.

Agnico Eagle Mines Limited Profile

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

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Institutional Ownership by Quarter for Agnico Eagle Mines Limited (NYSE:AEM)

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