Kercheville Advisors LLC Sells 3,052 Shares of Agnico Eagle Mines Limited $AEM

Kercheville Advisors LLC trimmed its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,538 shares of the mining company’s stock after selling 3,052 shares during the quarter. Agnico Eagle Mines comprises about 5.5% of Kercheville Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Kercheville Advisors LLC’s holdings in Agnico Eagle Mines were worth $18,295,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. True Wealth Design LLC grew its position in shares of Agnico Eagle Mines by 381.3% during the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock worth $26,000 after purchasing an additional 122 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of 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 second quarter valued at approximately $29,000. City State Bank grew its position in Agnico Eagle Mines by 69.2% during the second quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after buying an additional 110 shares in the last quarter. Finally, Costello Asset Management INC increased its stake in Agnico Eagle Mines by 2,166.7% during the 2nd quarter. Costello Asset Management INC now owns 340 shares of the mining company’s stock worth $40,000 after acquiring an additional 325 shares during the period. Institutional investors own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AEM. Weiss Ratings reiterated a “buy (a-)” rating on shares of Agnico Eagle Mines in a research report on Monday, December 29th. TD Securities boosted their price target on Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Raymond James Financial upped their price objective on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. UBS Group raised their target price on shares of Agnico Eagle Mines from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, December 1st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a report on Thursday, October 23rd. Six 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 stock. Based on data from MarketBeat, Agnico Eagle Mines has an average rating of “Buy” and a consensus target price of $201.60.

Agnico Eagle Mines Stock Up 0.4%

AEM stock opened at $170.28 on Monday. The firm has a 50-day moving average price of $167.94 and a 200-day moving average price of $151.23. Agnico Eagle Mines Limited has a 12 month low of $79.47 and a 12 month high of $187.50. The company has a current ratio of 2.12, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $85.44 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 0.50 and a beta of 0.63.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.40. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm posted $1.14 EPS. As a group, equities research analysts anticipate 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.