Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Takes $829,000 Position in Agnico Eagle Mines Limited $AEM

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,986 shares of the mining company’s stock, valued at approximately $829,000.

Several other large investors have also added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new position in Agnico Eagle Mines in the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at $29,000. City State Bank increased its stake in shares of Agnico Eagle Mines by 69.2% in the 2nd quarter. City State Bank now owns 269 shares of the mining company’s stock valued at $32,000 after acquiring an additional 110 shares in the last quarter. Dagco Inc. acquired a new position in shares of Agnico Eagle Mines during the 1st quarter valued at $39,000. Finally, Financial Network Wealth Advisors LLC boosted its stake in Agnico Eagle Mines by 412.5% during the first quarter. Financial Network Wealth Advisors LLC now owns 369 shares of the mining company’s stock worth $40,000 after acquiring an additional 297 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AEM has been the subject of several research analyst reports. Jefferies Financial Group set a $189.00 price target on shares of Agnico Eagle Mines in a research note on Sunday. CIBC raised their target price on Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Citigroup boosted their target price on Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Wall Street Zen downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 30th. Finally, Bank of America raised their price objective on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Six analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $195.60.

Agnico Eagle Mines Trading Down 2.4%

AEM opened at $164.73 on Tuesday. Agnico Eagle Mines Limited has a fifty-two week low of $76.91 and a fifty-two week high of $187.50. The firm has a market capitalization of $82.63 billion, a PE ratio of 24.05, a P/E/G ratio of 0.61 and a beta of 0.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 1.31. The company’s 50-day moving average is $166.94 and its 200 day moving average is $144.29.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.93 billion. Agnico Eagle Mines had a return on equity of 15.64% and a net margin of 32.62%.During the same quarter in the previous year, the business earned $1.14 EPS. As a group, research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

About Agnico Eagle Mines

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.