Nkcfo LLC Has $37.12 Million Stock Holdings in Agnico Eagle Mines Limited $AEM

Nkcfo LLC lessened its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 312,133 shares of the mining company’s stock after selling 6,500 shares during the quarter. Agnico Eagle Mines makes up 15.5% of Nkcfo LLC’s holdings, making the stock its largest holding. Nkcfo LLC’s holdings in Agnico Eagle Mines were worth $37,122,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AEM. Vanguard Group Inc. raised its holdings in Agnico Eagle Mines by 3.1% in the second quarter. Vanguard Group Inc. now owns 20,417,906 shares of the mining company’s stock worth $2,432,603,000 after buying an additional 614,437 shares during the last quarter. TD Asset Management Inc increased its position in shares of Agnico Eagle Mines by 3.6% during the second quarter. TD Asset Management Inc now owns 9,356,548 shares of the mining company’s stock valued at $1,112,500,000 after acquiring an additional 323,252 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Agnico Eagle Mines by 1.9% during the second quarter. Mackenzie Financial Corp now owns 8,778,276 shares of the mining company’s stock valued at $1,046,468,000 after acquiring an additional 160,650 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Agnico Eagle Mines by 38.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,296,796 shares of the mining company’s stock worth $987,398,000 after acquiring an additional 2,319,131 shares during the last quarter. Finally, Norges Bank bought a new position in Agnico Eagle Mines in the 2nd quarter valued at approximately $938,644,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Down 1.5%

AEM stock opened at $168.82 on Friday. The business’s 50-day moving average price is $166.98 and its 200-day moving average price is $143.52. The stock has a market cap of $84.69 billion, a P/E ratio of 24.65, a PEG ratio of 0.62 and a beta of 0.64. The company has a quick ratio of 1.31, a current ratio of 2.12 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a twelve month low of $76.91 and a twelve month high of $187.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.40. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.93 billion. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.64%. During the same quarter in the prior year, the firm posted $1.14 EPS. On average, equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on AEM. Citigroup lifted their target price on Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. CIBC increased their price objective on Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Wall Street Zen lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 30th. Scotiabank reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a report on Thursday, October 23rd. Finally, Raymond James Financial lifted their price target on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Six research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $185.50.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.