Lmcg Investments LLC Sells 7,736 Shares of Agnico Eagle Mines Limited $AEM

Lmcg Investments LLC lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 189,658 shares of the mining company’s stock after selling 7,736 shares during the quarter. Agnico Eagle Mines makes up approximately 1.4% of Lmcg Investments LLC’s portfolio, making the stock its 14th largest holding. Lmcg Investments LLC’s holdings in Agnico Eagle Mines were worth $22,556,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AEM. Ameritas Advisory Services LLC bought a new position in Agnico Eagle Mines during the second quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Agnico Eagle Mines during the first quarter worth about $26,000. Cary Street Partners Investment Advisory LLC bought a new position in Agnico Eagle Mines during the first quarter worth about $26,000. Private Trust Co. NA boosted its position in Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock worth $31,000 after purchasing an additional 232 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in Agnico Eagle Mines during the first quarter worth about $34,000. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. National Bankshares reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. Weiss Ratings reiterated a “buy (a)” rating on shares of Agnico Eagle Mines in a research report on Wednesday. UBS Group increased their target price on shares of Agnico Eagle Mines from $125.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. TD Securities increased their target price on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Lake Street Capital reiterated a “buy” rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. Six investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $162.10.

Agnico Eagle Mines Trading Up 1.6%

Shares of Agnico Eagle Mines stock opened at $164.28 on Friday. Agnico Eagle Mines Limited has a 12-month low of $75.17 and a 12-month high of $172.21. The company has a market cap of $82.60 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.08 and a beta of 0.46. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $149.57 and its 200-day moving average price is $128.20.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the firm posted $1.07 earnings per share. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, equities analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.