4,843 Shares in Agnico Eagle Mines Limited $AEM Bought by Tacita Capital Inc

Tacita Capital Inc bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,843 shares of the mining company’s stock, valued at approximately $751,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Wealth LLC bought a new stake in Agnico Eagle Mines during the 2nd quarter worth about $300,000. Empirical Asset Management LLC acquired a new position in shares of Agnico Eagle Mines during the 2nd quarter worth about $247,000. Robotti Robert acquired a new position in shares of Agnico Eagle Mines during the 2nd quarter worth about $698,000. Altiora Financial Group LLC bought a new position in shares of Agnico Eagle Mines in the 2nd quarter valued at about $201,000. Finally, Danica Pension Livsforsikringsaktieselskab bought a new position in shares of Agnico Eagle Mines in the 2nd quarter valued at about $17,119,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Up 11.3%

Shares of AEM stock opened at $208.04 on Thursday. Agnico Eagle Mines Limited has a 52-week low of $131.16 and a 52-week high of $255.24. The stock has a market cap of $105.45 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 2.32 and a beta of 0.60. The firm’s 50-day moving average is $158.87 and its 200-day moving average is $186.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.02 and a current ratio of 2.86.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.16. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.78 billion. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.The business’s revenue was up 35.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 earnings per share. Sell-side analysts predict that Agnico Eagle Mines Limited will post 11.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. Canadian Imperial Bank of Commerce set a $285.00 price target on Agnico Eagle Mines in a research note on Thursday, July 16th. Wall Street Zen lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Royal Bank Of Canada dropped their price objective on Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 9th. Finally, Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and increased their price objective for the company from $187.00 to $200.00 in a report on Monday, July 6th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.00.

Agnico Eagle Mines Company 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.