Lbp Am Sa Lowers Holdings in Agnico Eagle Mines Limited $AEM

Lbp Am Sa lowered its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 27.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 189,022 shares of the mining company’s stock after selling 71,155 shares during the quarter. Lbp Am Sa’s holdings in Agnico Eagle Mines were worth $31,862,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AEM. True Wealth Design LLC lifted its holdings in shares of Agnico Eagle Mines by 381.3% in the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock worth $26,000 after acquiring an additional 122 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in Agnico Eagle Mines by 59.7% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Agnico Eagle Mines in the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the second quarter worth $29,000. Finally, City State Bank grew its stake in shares of Agnico Eagle Mines by 69.2% in the second quarter. City State Bank now owns 269 shares of the mining company’s stock valued at $32,000 after buying an additional 110 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Up 0.4%

NYSE:AEM opened at $214.52 on Monday. Agnico Eagle Mines Limited has a 12-month low of $87.45 and a 12-month high of $215.95. The company has a current ratio of 2.12, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $178.06 and its 200-day simple moving average is $159.30. The firm has a market cap of $107.40 billion, a P/E ratio of 31.32, a PEG ratio of 0.62 and a beta of 0.63.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.93 billion. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.64%. During the same period last year, the firm posted $1.14 EPS. Equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AEM shares. TD Securities increased their target price 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. Royal Bank Of Canada cut shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $185.00 to $205.00 in a report on Wednesday, December 10th. Scotiabank reissued an “outperform” rating on shares of Agnico Eagle Mines in a research report on Thursday, October 23rd. CIBC lifted their price objective on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Finally, UBS Group increased their target price on Agnico Eagle Mines from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, December 1st. Five equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $211.70.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.