Agnico Eagle Mines Limited $AEM Shares Acquired by Sapient Capital LLC

Sapient Capital LLC increased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 96.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,823 shares of the mining company’s stock after buying an additional 4,819 shares during the quarter. Sapient Capital LLC’s holdings in Agnico Eagle Mines were worth $1,638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AEM. Norges Bank purchased a new position in shares of Agnico Eagle Mines in the 2nd quarter worth about $938,644,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Agnico Eagle Mines by 38.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,296,796 shares of the mining company’s stock worth $987,398,000 after purchasing an additional 2,319,131 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Agnico Eagle Mines by 48.3% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,528,022 shares of the mining company’s stock worth $538,506,000 after purchasing an additional 1,474,385 shares in the last quarter. Invesco Ltd. raised its holdings in Agnico Eagle Mines by 53.1% in the second quarter. Invesco Ltd. now owns 4,164,046 shares of the mining company’s stock valued at $495,230,000 after buying an additional 1,444,746 shares during the period. Finally, Picton Mahoney Asset Management acquired a new position in Agnico Eagle Mines during the second quarter valued at approximately $134,059,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AEM. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $185.00 to $205.00 in a research report on Wednesday, December 10th. Scotiabank reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a research report on Thursday, October 23rd. UBS Group increased their price target on Agnico Eagle Mines from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, December 1st. Jefferies Financial Group set a $189.00 price objective on Agnico Eagle Mines in a research note on Sunday, December 7th. Finally, Zacks Research raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Six research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $201.60.

Agnico Eagle Mines Trading Up 1.1%

Shares of AEM opened at $183.32 on Friday. The company has a market capitalization of $91.98 billion, a P/E ratio of 26.76, a P/E/G ratio of 0.67 and a beta of 0.64. Agnico Eagle Mines Limited has a one year low of $76.91 and a one year high of $187.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.12. The stock has a 50-day moving average price of $167.56 and a 200 day moving average price of $149.36.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.40. The company had revenue of $3.07 billion for 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 period in the previous year, the business earned $1.14 EPS. Sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines 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.