Sigma Planning Corp Has $483,000 Stock Position in Agnico Eagle Mines Limited $AEM

Sigma Planning Corp cut its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 54.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,115 shares of the mining company’s stock after selling 3,776 shares during the period. Sigma Planning Corp’s holdings in Agnico Eagle Mines were worth $483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AEM. Acumen Wealth Advisors LLC bought a new position in Agnico Eagle Mines during the 4th quarter worth approximately $26,000. Dunhill Financial LLC bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at $31,000. Fiduciary Financial Advisors acquired a new stake in shares of Agnico Eagle Mines during the second quarter worth $32,000. Jessup Wealth Management Inc acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $35,000. Finally, Allied Private Wealth LLC bought a new position in Agnico Eagle Mines during the second quarter worth $36,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $196.41 on Thursday. The business has a 50-day simple moving average of $167.75 and a 200 day simple moving average of $186.99. The firm has a market capitalization of $99.56 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 2.41 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.02. Agnico Eagle Mines Limited has a one year low of $134.38 and a one year high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.16. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.The company’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 earnings per share. On average, research analysts anticipate that Agnico Eagle Mines Limited will post 11.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AEM. Royal Bank Of Canada dropped their target price on shares of Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating on the stock in a report on Thursday, July 9th. UBS Group decreased their price target on Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Scotiabank lowered their price objective on 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. Weiss Ratings downgraded Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Finally, Bank of America cut their target price on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $226.00.

Agnico Eagle Mines Company 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.