3,025 Shares in Agnico Eagle Mines Limited $AEM Acquired by Two Sigma Securities LLC

Two Sigma Securities LLC acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,025 shares of the mining company’s stock, valued at approximately $469,000.

Other institutional investors have also added to or reduced their stakes in the company. Acumen Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at $26,000. Dunhill Financial LLC acquired a new position in shares of Agnico Eagle Mines during the 2nd quarter worth $31,000. Fiduciary Financial Advisors bought a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth $32,000. Jessup Wealth Management Inc bought a new stake in shares of Agnico Eagle Mines during the 4th quarter worth $35,000. Finally, University of Texas Texas AM Investment Management Co. boosted its stake in Agnico Eagle Mines by 64.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 229 shares of the mining company’s stock valued at $39,000 after buying an additional 90 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $196.41 on Thursday. The stock has a 50-day moving average price of $167.75 and a two-hundred day moving average price of $186.99. Agnico Eagle Mines Limited has a 12 month low of $134.38 and a 12 month high of $255.24. The company has a market capitalization of $99.56 billion, a PE ratio of 16.80, a P/E/G ratio of 2.41 and a beta of 0.67. 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 released its quarterly 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 company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the previous year, the business posted $1.94 earnings per share. The business’s quarterly revenue was up 35.0% compared to the same quarter last year. Analysts expect that Agnico Eagle Mines Limited will post 11.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AEM. Weiss Ratings downgraded Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. raised their price target on shares of Agnico Eagle Mines from $175.00 to $179.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Scotiabank lowered their price objective on shares of Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Scotia dropped their price objective on shares of Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating for the company in a research note on Friday, July 3rd. Finally, Zacks Research lowered shares of Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.00.

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.