GoalVest Advisory LLC Acquires New Position in Agnico Eagle Mines Limited (NYSE:AEM)

GoalVest Advisory LLC acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 950 shares of the mining company’s stock, valued at approximately $57,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEM. Bruce G. Allen Investments LLC bought a new stake in Agnico Eagle Mines during the 4th quarter valued at about $33,000. CVA Family Office LLC bought a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $36,000. Scarborough Advisors LLC bought a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $47,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $49,000. Finally, Creekmur Asset Management LLC bought a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $54,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

AEM opened at $66.38 on Friday. 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 firm has a fifty day moving average price of $66.28 and a 200 day moving average price of $57.85. Agnico Eagle Mines Limited has a 1 year low of $43.22 and a 1 year high of $71.50. The stock has a market cap of $33.21 billion, a P/E ratio of 69.87, a P/E/G ratio of 0.72 and a beta of 1.11.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, April 25th. The mining company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.16. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the business posted $0.57 EPS. The business’s revenue was up 21.2% compared to the same quarter last year. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 3.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AEM shares. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Scotiabank lifted their price objective on shares of Agnico Eagle Mines from $71.00 to $81.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 23rd. BMO Capital Markets dropped their target price on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, June 20th. Citigroup boosted their target price on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, StockNews.com raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average target price of $72.22.

Agnico Eagle Mines Profile

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.