Agnico Eagle Mines Limited $AEM Shares Newly Acquired by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,026 shares of the mining company’s stock, valued at approximately $686,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Deutsche Bank AG acquired a new position in Agnico Eagle Mines during the 2nd quarter worth approximately $1,362,158,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Agnico Eagle Mines in the second quarter valued at approximately $927,602,000. Bank of America Corp DE acquired a new stake in Agnico Eagle Mines in the second quarter valued at approximately $844,096,000. The Manufacturers Life Insurance Company grew its stake in shares of Agnico Eagle Mines by 9.0% during the first quarter. The Manufacturers Life Insurance Company now owns 4,091,837 shares of the mining company’s stock worth $829,916,000 after buying an additional 338,486 shares during the last quarter. Finally, Amundi grew its stake in shares of Agnico Eagle Mines by 4.6% during the first quarter. Amundi now owns 3,533,877 shares of the mining company’s stock worth $717,306,000 after buying an additional 155,185 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Trading Down 5.1%

NYSE:AEM opened at $190.57 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.90 and a current ratio of 2.75. The firm has a market cap of $96.41 billion, a P/E ratio of 15.54, a P/E/G ratio of 3.06 and a beta of 0.69. The firm’s fifty day moving average is $188.61 and its 200-day moving average is $188.82. Agnico Eagle Mines Limited has a 52 week low of $134.38 and a 52 week high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, October 28th. The mining company reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.15. Agnico Eagle Mines had a return on equity of 21.68% and a net margin of 41.01%. The firm had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the business posted $2.10 EPS. The business’s revenue was up 17.1% compared to the same quarter last year. Equities analysts expect that Agnico Eagle Mines Limited will post 11.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AEM shares. UBS Group upped their price target on shares of Agnico Eagle Mines from $170.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, October 8th. Canadian Imperial Bank of Commerce set a $239.00 price target on Agnico Eagle Mines in a research note on Friday, October 16th. RBC Dominion Securities set a $225.00 price objective on Agnico Eagle Mines and gave the company a “sector perform” rating in a report on Thursday, October 22nd. JPMorgan Chase & Co. boosted their price objective on Agnico Eagle Mines from $190.00 to $193.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. Finally, Royal Bank Of Canada upped their target price on Agnico Eagle Mines from $210.00 to $225.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 16th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.00.

About Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company engaged in the exploration, development and production of gold, as well as related activities such as mineral processing and mine-site reclamation. The company’s principal product is gold, with silver and other byproducts also recovered from certain operations. Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s largest gold producers. Its operating portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland.