Jupiter Topco LLC Buys Shares of 108,876 Agnico Eagle Mines Limited $AEM

Jupiter Topco LLC purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 108,876 shares of the mining company’s stock, valued at approximately $16,904,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEM. Capital World Investors raised its stake in Agnico Eagle Mines by 2.8% during the fourth quarter. Capital World Investors now owns 21,338,277 shares of the mining company’s stock worth $3,618,730,000 after buying an additional 572,473 shares during the last quarter. Van ECK Associates Corp boosted its position in Agnico Eagle Mines by 21.6% during the fourth quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company’s stock valued at $2,920,258,000 after acquiring an additional 3,062,705 shares during the last quarter. TD Asset Management Inc grew its holdings in Agnico Eagle Mines by 1.7% during the 4th quarter. TD Asset Management Inc now owns 9,665,456 shares of the mining company’s stock worth $1,641,239,000 after acquiring an additional 165,263 shares during the period. Deutsche Bank AG acquired a new stake in Agnico Eagle Mines during the 2nd quarter worth about $1,362,158,000. Finally, Mackenzie Financial Corp raised its position in shares of Agnico Eagle Mines by 4.0% in the 4th quarter. Mackenzie Financial Corp now owns 8,687,624 shares of the mining company’s stock worth $1,489,509,000 after acquiring an additional 332,797 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AEM shares. UBS Group dropped their price objective on Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Royal Bank Of Canada decreased their target price on Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating for the company in a research note on Thursday, July 9th. Wall Street Zen lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Bank of America cut their price target on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average price target of $226.00.

Agnico Eagle Mines Trading Down 4.2%

Shares of Agnico Eagle Mines stock opened at $206.41 on Friday. The stock has a market capitalization of $104.63 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 2.56 and a beta of 0.60. Agnico Eagle Mines Limited has a 52 week low of $134.38 and a 52 week high of $255.24. The stock has a 50 day moving average price of $165.50 and a two-hundred day moving average price of $187.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.02 and a current ratio of 2.86.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the firm earned $1.94 earnings per share. Agnico Eagle Mines’s revenue for the quarter was up 35.0% on a year-over-year basis. As a group, equities analysts anticipate that Agnico Eagle Mines Limited will post 11.56 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.