Agnico Eagle Mines Limited $AEM Stock Holdings Lessened by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lessened its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 6,768 shares of the mining company’s stock after selling 154 shares during the period. First Citizens Bank & Trust Co.’s holdings in Agnico Eagle Mines were worth $805,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ameritas Advisory Services LLC acquired a new stake in shares of Agnico Eagle Mines during the second quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Agnico Eagle Mines in the 1st quarter worth about $26,000. Cary Street Partners Investment Advisory LLC purchased a new position in Agnico Eagle Mines in the 1st quarter worth about $26,000. Private Trust Co. NA raised its holdings in Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock worth $31,000 after buying an additional 232 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in Agnico Eagle Mines during the first quarter valued at about $34,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on AEM shares. Citigroup lifted their target price on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Zacks Research upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Bank of America boosted their target price on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. UBS Group raised their target price on Agnico Eagle Mines from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings downgraded Agnico Eagle Mines from a “buy (a)” rating to a “buy (b+)” rating in a report on Friday. Five investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $184.50.

Agnico Eagle Mines Trading Down 0.8%

Shares of NYSE:AEM opened at $163.43 on Friday. The firm has a fifty day moving average of $157.00 and a two-hundred day moving average of $132.78. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. Agnico Eagle Mines Limited has a 12-month low of $75.17 and a 12-month high of $187.50. The firm has a market capitalization of $82.18 billion, a P/E ratio of 27.79, a price-to-earnings-growth ratio of 0.74 and a beta of 0.46.

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