O Domhnaill Enterprises Inc. Takes $1.16 Million Position in Agnico Eagle Mines Limited $AEM

O Domhnaill Enterprises Inc. bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,692 shares of the mining company’s stock, valued at approximately $1,155,000.

Other large investors also recently bought and sold shares of the company. Acumen Wealth Advisors LLC bought a new position in Agnico Eagle Mines in the 4th quarter worth about $26,000. Lodestone Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines in the 4th quarter worth $35,000. Jessup Wealth Management Inc purchased a new stake in shares of Agnico Eagle Mines in the 4th quarter worth $35,000. Abound Wealth Management grew its position in shares of Agnico Eagle Mines by 99.0% during the 4th quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock worth $35,000 after buying an additional 104 shares in the last quarter. Finally, Bangor Savings Bank purchased a new position in shares of Agnico Eagle Mines during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM traded down $4.81 during midday trading on Tuesday, reaching $150.13. 548,129 shares of the company’s stock traded hands, compared to its average volume of 2,707,719. The company has a fifty day simple moving average of $173.67 and a two-hundred day simple moving average of $193.63. Agnico Eagle Mines Limited has a 1 year low of $115.19 and a 1 year high of $255.24. The company has a market cap of $76.20 billion, a P/E ratio of 14.19, a PEG ratio of 3.37 and a beta of 0.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, topping 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 in the prior year, the business posted $1.53 earnings per share. The firm’s revenue for the quarter was up 66.1% on a year-over-year basis. Equities analysts predict that Agnico Eagle Mines Limited will post 13.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AEM. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and increased their target price for the company from $187.00 to $200.00 in a research report on Monday. Erste Group Bank cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Barclays lowered their price target on shares of Agnico Eagle Mines from $213.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday. Finally, TD boosted their price objective on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.85.

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.