31,596 Shares in Agnico Eagle Mines Limited $AEM Purchased by Visionary Wealth Advisors

Visionary Wealth Advisors bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the second quarter, HoldingsChannel.com reports. The fund bought 31,596 shares of the mining company’s stock, valued at approximately $4,901,000.

Other large investors have also recently bought and sold shares of the company. Acumen Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $26,000. Dunhill Financial LLC bought a new stake in shares of Agnico Eagle Mines in the second quarter worth $31,000. Jessup Wealth Management Inc acquired a new position in Agnico Eagle Mines during the fourth quarter worth $35,000. University of Texas Texas AM Investment Management Co. boosted its holdings in Agnico Eagle Mines by 64.7% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 229 shares of the mining company’s stock worth $39,000 after purchasing an additional 90 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in Agnico Eagle Mines in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

NYSE:AEM opened at $217.76 on Tuesday. The stock has a market capitalization of $110.38 billion, a PE ratio of 18.63, a P/E/G ratio of 2.69 and a beta of 0.61. Agnico Eagle Mines Limited has a 1-year low of $134.38 and a 1-year high of $255.24. The firm has a fifty day simple moving average of $161.95 and a 200 day simple moving average of $186.83. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Zacks Research lowered shares of Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Canadian Imperial Bank of Commerce set a $285.00 price objective on shares of Agnico Eagle Mines in a research note on Thursday, July 16th. Citigroup decreased their price objective on Agnico Eagle Mines from $256.00 to $200.00 and set a “buy” rating for the company in a report on Monday, July 27th. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. Finally, Royal Bank Of Canada dropped their target price on Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating on the stock in a report on Thursday, July 9th. 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. Based on data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average price target of $226.00.

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.