Mccarter Private Wealth Services LLC Buys 3,086 Shares of Agnico Eagle Mines Limited $AEM

Mccarter Private Wealth Services LLC grew its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,507 shares of the mining company’s stock after purchasing an additional 3,086 shares during the quarter. Agnico Eagle Mines comprises approximately 2.6% of Mccarter Private Wealth Services LLC’s holdings, making the stock its 8th largest holding. Mccarter Private Wealth Services LLC’s holdings in Agnico Eagle Mines were worth $5,850,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in shares of Agnico Eagle Mines by 43.1% in the 4th quarter. Bank of New York Mellon Corp now owns 795,821 shares of the mining company’s stock valued at $134,916,000 after purchasing an additional 239,712 shares during the period. Calton & Associates Inc. lifted its stake in shares of Agnico Eagle Mines by 8.9% in the 4th quarter. Calton & Associates Inc. now owns 1,744 shares of the mining company’s stock valued at $296,000 after purchasing an additional 143 shares during the period. Natixis Advisors LLC raised its stake in Agnico Eagle Mines by 0.4% during the 4th quarter. Natixis Advisors LLC now owns 85,125 shares of the mining company’s stock worth $14,431,000 after buying an additional 362 shares during the period. Old Peak Finance LLC acquired a new stake in Agnico Eagle Mines during the 4th quarter worth $506,000. Finally, Catalyst Capital Advisors LLC raised its stake in Agnico Eagle Mines by 93.2% during the 4th quarter. Catalyst Capital Advisors LLC now owns 1,835 shares of the mining company’s stock worth $311,000 after buying an additional 885 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group dropped their price objective on 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. Canadian Imperial Bank of Commerce lifted their price objective on Agnico Eagle Mines from C$304.00 to C$310.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Wall Street Zen cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Barclays began coverage on Agnico Eagle Mines in a report on Thursday, May 21st. They set an “overweight” rating and a $213.00 price objective on the stock. Finally, Weiss Ratings cut Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.08.

Agnico Eagle Mines Trading Up 1.3%

NYSE:AEM opened at $178.79 on Wednesday. The business’s 50-day simple moving average is $194.84 and its 200-day simple moving average is $194.63. Agnico Eagle Mines Limited has a fifty-two week low of $114.60 and a fifty-two week high of $255.24. The stock has a market capitalization of $89.48 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 3.84 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the business posted $1.53 EPS. The company’s revenue for the quarter was up 66.1% on a year-over-year basis. Sell-side analysts expect that Agnico Eagle Mines Limited will post 13.18 earnings per share for the current fiscal year.

About Agnico Eagle Mines

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.