5,561 Shares in Agnico Eagle Mines Limited $AEM Bought by Evolve Private Wealth LLC

Evolve Private Wealth LLC purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,561 shares of the mining company’s stock, valued at approximately $863,000.

Several other large investors have also added to or reduced their stakes in the company. K.J. Harrison & Partners Inc acquired a new stake in shares of Agnico Eagle Mines in the second quarter worth $6,923,000. BIP Wealth LLC purchased a new stake in Agnico Eagle Mines in the second quarter valued at $1,167,000. Annex Advisory Services LLC boosted its holdings in Agnico Eagle Mines by 70.5% in the second quarter. Annex Advisory Services LLC now owns 29,007 shares of the mining company’s stock valued at $4,500,000 after purchasing an additional 11,995 shares during the last quarter. RFG Advisory LLC acquired a new stake in Agnico Eagle Mines during the 4th quarter worth about $1,122,000. Finally, Harvest Portfolios Group Inc. raised its stake in shares of Agnico Eagle Mines by 45.7% during the 4th quarter. Harvest Portfolios Group Inc. now owns 137,292 shares of the mining company’s stock valued at $23,282,000 after buying an additional 43,051 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 0.4%

Shares of AEM opened at $217.02 on Monday. The firm has a market cap of $110.01 billion, a P/E ratio of 18.56, a PEG ratio of 2.69 and a beta of 0.61. Agnico Eagle Mines Limited has a 12 month low of $133.80 and a 12 month high of $255.24. The stock’s 50 day moving average is $161.03 and its two-hundred day moving average is $186.68. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.16. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the company posted $1.94 EPS. The business’s quarterly revenue was up 35.0% on a year-over-year basis. Analysts predict that Agnico Eagle Mines Limited will post 11.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of recent research reports. Scotia lowered their target price on Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 3rd. Zacks Research lowered Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Wall Street Zen cut shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. UBS Group cut their target price on shares of Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Agnico Eagle Mines from $175.00 to $179.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $226.00.

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.