Trek Financial LLC Sells 58,679 Shares of Agnico Eagle Mines Limited $AEM

Trek Financial LLC lessened its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 74.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,793 shares of the mining company’s stock after selling 58,679 shares during the quarter. Trek Financial LLC’s holdings in Agnico Eagle Mines were worth $3,336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. True Wealth Design LLC raised its stake in shares of Agnico Eagle Mines by 381.3% in the third quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after acquiring an additional 122 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in shares of Agnico Eagle Mines by 59.7% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock worth $33,000 after purchasing an additional 74 shares during the period. Ameritas Advisory Services LLC bought a new position in Agnico Eagle Mines during the 2nd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Agnico Eagle Mines in the 2nd quarter worth about $29,000. Finally, City State Bank lifted its stake in Agnico Eagle Mines by 69.2% in the second quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after purchasing an additional 110 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AEM shares. Jefferies Financial Group set a $189.00 target price on Agnico Eagle Mines in a research report on Sunday, December 7th. Weiss Ratings cut Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, January 12th. Scotiabank reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research note on Thursday, October 23rd. Wall Street Zen upgraded Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 19th. Finally, Bank of America upped their price target on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Five research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Buy” and a consensus target price of $211.70.

Agnico Eagle Mines Trading Up 0.4%

Shares of NYSE AEM opened at $214.52 on Friday. Agnico Eagle Mines Limited has a twelve month low of $87.45 and a twelve month high of $215.95. The firm has a market cap of $107.40 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 0.62 and a beta of 0.63. The business has a fifty day simple moving average of $178.06 and a two-hundred day simple moving average of $159.01. The company has a quick ratio of 1.31, a current ratio of 2.12 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.76 by $0.40. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.93 billion. Agnico Eagle Mines had a return on equity of 15.64% and a net margin of 32.62%.During the same quarter last year, the firm posted $1.14 earnings per share. Analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

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.