Murphy Pohlad Asset Management LLC Sells 5,210 Shares of Agnico Eagle Mines Limited $AEM

Murphy Pohlad Asset Management LLC cut its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,679 shares of the mining company’s stock after selling 5,210 shares during the quarter. Agnico Eagle Mines comprises approximately 3.2% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 3rd largest holding. Murphy Pohlad Asset Management LLC’s holdings in Agnico Eagle Mines were worth $8,422,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MCF Advisors LLC acquired a new position in Agnico Eagle Mines in the third quarter valued at $34,000. Abound Wealth Management increased its stake in Agnico Eagle Mines by 99.0% in the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after purchasing an additional 104 shares during the period. Lodestone Wealth Management LLC acquired a new position in Agnico Eagle Mines in the fourth quarter valued at $35,000. Caitlin John LLC acquired a new position in Agnico Eagle Mines in the third quarter valued at $36,000. Finally, Bangor Savings Bank acquired a new position in Agnico Eagle Mines in the fourth quarter valued at $37,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 0.1%

Shares of NYSE:AEM opened at $175.79 on Tuesday. The company has a market cap of $87.98 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 3.84 and a beta of 0.58. The firm’s 50-day simple moving average is $197.11 and its 200-day simple moving average is $194.08. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a fifty-two week low of $114.60 and a fifty-two week high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.21. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The business’s quarterly revenue was up 66.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.53 earnings per share. As a group, equities research analysts predict that Agnico Eagle Mines Limited will post 13.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on AEM. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Agnico Eagle Mines from $312.00 to $304.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. TD lifted their price objective on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Zacks Research lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, UBS Group dropped their price objective on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.08.

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.