Independent Advisor Alliance Has $3.07 Million Stock Holdings in Agnico Eagle Mines Limited $AEM

Independent Advisor Alliance increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 50.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,114 shares of the mining company’s stock after acquiring an additional 6,058 shares during the quarter. Independent Advisor Alliance’s holdings in Agnico Eagle Mines were worth $3,071,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AEM. TD Waterhouse Canada Inc. grew its holdings in Agnico Eagle Mines by 13.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,133,384 shares of the mining company’s stock worth $192,951,000 after acquiring an additional 134,147 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Agnico Eagle Mines by 42.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock worth $11,088,000 after acquiring an additional 19,647 shares during the period. Gunderson Capital Management Inc. increased its holdings in Agnico Eagle Mines by 187.6% in the fourth quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock valued at $8,155,000 after purchasing an additional 31,378 shares during the last quarter. TD Asset Management Inc increased its holdings in Agnico Eagle Mines by 1.5% in the third quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock valued at $1,600,436,000 after purchasing an additional 143,645 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its holdings in Agnico Eagle Mines by 1,560.8% in the third quarter. Campbell & CO Investment Adviser LLC now owns 48,677 shares of the mining company’s stock valued at $8,205,000 after purchasing an additional 45,746 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 0.6%

Shares of NYSE AEM opened at $195.89 on Thursday. Agnico Eagle Mines Limited has a twelve month low of $103.38 and a twelve month high of $255.24. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. The stock has a market cap of $98.04 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 4.31 and a beta of 0.58. The company’s fifty day moving average is $204.48 and its 200-day moving average is $192.96.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the previous year, the firm earned $1.53 earnings per share. The company’s revenue was up 66.1% on a year-over-year basis. Equities research analysts predict that Agnico Eagle Mines Limited will post 13.09 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AEM shares. Weiss Ratings downgraded Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, April 29th. Zacks Research downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Canadian Imperial Bank of Commerce cut their price target on shares of Agnico Eagle Mines from $312.00 to $304.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Erste Group Bank downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Scotiabank reiterated an “outperform” rating and issued a $280.00 price target on shares of Agnico Eagle Mines in a research report on Tuesday, February 17th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus price target of $238.18.

Agnico Eagle Mines Company 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.