St. Johns Investment Management Company LLC Makes New $54,000 Investment in Agnico Eagle Mines Limited (NYSE:AEM)

St. Johns Investment Management Company LLC bought a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 900 shares of the mining company’s stock, valued at approximately $54,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth approximately $325,327,000. FIL Ltd raised its position in shares of Agnico Eagle Mines by 16.4% in the fourth quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock valued at $1,102,481,000 after purchasing an additional 2,831,794 shares during the period. Clearbridge Investments LLC bought a new position in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $132,257,000. Van ECK Associates Corp raised its position in shares of Agnico Eagle Mines by 9.5% in the fourth quarter. Van ECK Associates Corp now owns 23,059,010 shares of the mining company’s stock valued at $1,264,791,000 after purchasing an additional 1,995,127 shares during the period. Finally, Capital Wealth Planning LLC bought a new position in Agnico Eagle Mines during the fourth quarter worth $88,547,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Up 0.7 %

AEM stock opened at $65.36 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 0.88. The stock has a market capitalization of $32.70 billion, a price-to-earnings ratio of 68.80, a PEG ratio of 0.72 and a beta of 1.11. The business’s fifty day moving average price is $66.22 and its two-hundred day moving average price is $57.79. Agnico Eagle Mines Limited has a fifty-two week low of $43.22 and a fifty-two week high of $71.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.16. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. Agnico Eagle Mines’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post 3.16 earnings per share for the current year.

Analysts Set New Price Targets

AEM has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $58.00 to $59.00 and gave the stock a “hold” rating in a research report on Thursday, June 20th. CIBC lifted their price target on shares of Agnico Eagle Mines from $80.00 to $81.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Citigroup lifted their price target on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Scotiabank lifted their price target on shares of Agnico Eagle Mines from $71.00 to $81.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 23rd. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and a consensus price target of $72.22.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.