GHP Investment Advisors Inc. Acquires 1,129 Shares of Agnico Eagle Mines Limited $AEM

GHP Investment Advisors Inc. lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 444.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,383 shares of the mining company’s stock after purchasing an additional 1,129 shares during the period. GHP Investment Advisors Inc.’s holdings in Agnico Eagle Mines were worth $164,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its stake in Agnico Eagle Mines by 3.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company’s stock worth $1,457,160,000 after buying an additional 499,362 shares during the period. TD Asset Management Inc raised its stake in Agnico Eagle Mines by 3.6% during the 2nd quarter. TD Asset Management Inc now owns 9,356,548 shares of the mining company’s stock worth $1,112,500,000 after buying an additional 323,252 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Agnico Eagle Mines by 11.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock worth $728,214,000 after buying an additional 673,400 shares during the period. Canada Pension Plan Investment Board raised its stake in Agnico Eagle Mines by 57.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock worth $254,029,000 after buying an additional 854,924 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Agnico Eagle Mines by 10.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,977,395 shares of the mining company’s stock worth $214,361,000 after buying an additional 189,935 shares during the period. Institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AEM. Bank of America upped their price target on Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. TD Securities upped their price target on Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Wall Street Zen raised Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Raymond James Financial upped their price target on Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, UBS Group boosted their price objective on Agnico Eagle Mines from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Five investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Buy” and an average price target of $184.50.

Agnico Eagle Mines Stock Performance

AEM stock opened at $162.37 on Tuesday. The firm has a market cap of $81.58 billion, a PE ratio of 23.70, a P/E/G ratio of 0.70 and a beta of 0.46. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $159.93 and a 200-day moving average of $135.09. Agnico Eagle Mines Limited has a 12-month low of $75.17 and a 12-month high of $187.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.40. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.93 billion. Agnico Eagle Mines had a return on equity of 15.97% and a net margin of 32.62%.During the same period in the prior year, the company posted $1.14 earnings per share. As a group, sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

About Agnico Eagle Mines

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.