30,941 Shares in Agnico Eagle Mines Limited $AEM Purchased by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 30,941 shares of the mining company’s stock, valued at approximately $5,245,000. Agnico Eagle Mines accounts for approximately 2.2% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 10th largest holding.

Several other large investors have also recently added to or reduced their stakes in AEM. MCF Advisors LLC purchased a new position in Agnico Eagle Mines during the third quarter worth about $34,000. Abound Wealth Management raised its holdings in Agnico Eagle Mines by 99.0% during the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock worth $35,000 after purchasing an additional 104 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in Agnico Eagle Mines during the fourth quarter worth about $35,000. Caitlin John LLC purchased a new position in Agnico Eagle Mines during the third quarter worth about $36,000. Finally, Bangor Savings Bank purchased a new position in Agnico Eagle Mines during the fourth quarter worth about $37,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Down 0.6%

Shares of Agnico Eagle Mines stock opened at $195.89 on Thursday. Agnico Eagle Mines Limited has a 12-month low of $103.38 and a 12-month high of $255.24. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. The stock has a market cap of $98.04 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 4.31 and a beta of 0.58. The company has a 50-day moving average of $204.48 and a two-hundred day moving average of $192.96.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period last year, the company posted $1.53 earnings per share. The firm’s quarterly revenue was up 66.1% compared to the same quarter last year. On average, research analysts anticipate that Agnico Eagle Mines Limited will post 13.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on AEM. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, April 29th. Erste Group Bank cut shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Citigroup increased their price target on shares of Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Canadian Imperial Bank of Commerce cut their price target on shares of Agnico Eagle Mines from $312.00 to $304.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. Finally, UBS Group dropped their target price on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a report on Friday, March 27th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $238.18.

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.