Agnico Eagle Mines Limited $AEM Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,417,906 shares of the mining company’s stock after acquiring an additional 614,437 shares during the period. Vanguard Group Inc. owned 4.06% of Agnico Eagle Mines worth $2,432,603,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AEM. TD Asset Management Inc increased its position in shares of Agnico Eagle Mines by 42.8% during the 1st quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company’s stock worth $978,553,000 after purchasing an additional 2,709,005 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Agnico Eagle Mines by 57.4% during the first 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. Nuveen LLC acquired a new stake in shares of Agnico Eagle Mines during the first quarter valued at about $85,926,000. Geode Capital Management LLC increased its position in shares of Agnico Eagle Mines by 21.1% during the second quarter. Geode Capital Management LLC now owns 4,136,535 shares of the mining company’s stock valued at $501,717,000 after acquiring an additional 722,117 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Agnico Eagle Mines by 11.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock valued at $728,214,000 after acquiring an additional 673,400 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AEM shares. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 9th. Citigroup boosted their price objective on Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. UBS Group increased their target price on Agnico Eagle Mines from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Zacks Research downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings raised shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, November 14th. Five research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $184.50.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $158.71 on Friday. Agnico Eagle Mines Limited has a 12 month low of $76.91 and a 12 month high of $187.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. The firm has a market capitalization of $79.61 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 0.70 and a beta of 0.45. The business’s fifty day moving average price is $164.39 and its 200 day moving average price is $139.06.

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