TD Waterhouse Canada Inc. Buys 134,147 Shares of Agnico Eagle Mines Limited $AEM

TD Waterhouse Canada Inc. grew its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 13.4% during the third quarter, Holdings Channel reports. The fund owned 1,133,384 shares of the mining company’s stock after purchasing an additional 134,147 shares during the period. Agnico Eagle Mines makes up about 1.3% of TD Waterhouse Canada Inc.’s holdings, making the stock its 19th biggest holding. TD Waterhouse Canada Inc.’s holdings in Agnico Eagle Mines were worth $192,951,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in AEM. Ninety One UK Ltd increased its stake in Agnico Eagle Mines by 386.5% in the 3rd quarter. Ninety One UK Ltd now owns 188,189 shares of the mining company’s stock worth $31,703,000 after buying an additional 149,506 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in shares of Agnico Eagle Mines by 1,560.8% in the third quarter. Campbell & CO Investment Adviser LLC now owns 48,677 shares of the mining company’s stock worth $8,205,000 after acquiring an additional 45,746 shares during the period. Addenda Capital Inc. boosted its stake in shares of Agnico Eagle Mines by 2.3% in the third quarter. Addenda Capital Inc. now owns 724,231 shares of the mining company’s stock worth $122,076,000 after acquiring an additional 15,965 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Agnico Eagle Mines by 5.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,712,397 shares of the mining company’s stock worth $1,974,242,000 after purchasing an additional 602,489 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in Agnico Eagle Mines by 12.7% during the 2nd quarter. Schroder Investment Management Group now owns 438,080 shares of the mining company’s stock valued at $52,101,000 after purchasing an additional 49,480 shares during the period. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Scotiabank increased their price objective on shares of Agnico Eagle Mines from $219.00 to $276.00 and gave the company an “outperform” rating in a report on Monday. Raymond James Financial reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Agnico Eagle Mines in a research note on Wednesday, January 14th. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, January 12th. Citigroup upped their price target on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, Bank of America upped their target price on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Four research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $217.40.

Agnico Eagle Mines Stock Up 3.2%

NYSE:AEM opened at $223.17 on Thursday. The stock has a market capitalization of $111.74 billion, a P/E ratio of 32.58, a P/E/G ratio of 0.63 and a beta of 0.63. Agnico Eagle Mines Limited has a fifty-two week low of $89.16 and a fifty-two week high of $224.30. 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 company’s 50-day simple moving average is $181.18 and its 200-day simple moving average is $161.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its 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 firm 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 prior year, the firm earned $1.14 EPS. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share 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.