Banque Cantonale Vaudoise Trims Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Banque Cantonale Vaudoise reduced its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 21.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,860 shares of the mining company’s stock after selling 1,330 shares during the period. Banque Cantonale Vaudoise’s holdings in Agnico Eagle Mines were worth $318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Continuum Advisory LLC lifted its holdings in shares of Agnico Eagle Mines by 1,134.4% in the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock valued at $26,000 after purchasing an additional 363 shares during the last quarter. Stephens Consulting LLC purchased a new stake in shares of Agnico Eagle Mines in the 1st quarter valued at about $30,000. Janiczek Wealth Management LLC lifted its holdings in shares of Agnico Eagle Mines by 406.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock valued at $42,000 after purchasing an additional 569 shares during the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of Agnico Eagle Mines by 92.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock valued at $48,000 after purchasing an additional 350 shares during the last quarter. Finally, ORG Partners LLC purchased a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at about $52,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AEM has been the subject of several analyst reports. TD Securities upped their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. BMO Capital Markets decreased their price objective on Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday, June 20th. Jefferies Financial Group increased their price objective on Agnico Eagle Mines from $59.00 to $66.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. StockNews.com raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Finally, CIBC increased their price objective on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $82.86.

Agnico Eagle Mines Stock Down 0.8 %

AEM opened at $81.47 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.76. The business has a 50 day simple moving average of $74.91 and a 200-day simple moving average of $66.00. The stock has a market capitalization of $40.76 billion, a P/E ratio of 85.76, a P/E/G ratio of 0.79 and a beta of 1.06. Agnico Eagle Mines Limited has a 12 month low of $43.22 and a 12 month high of $83.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.93 by $0.14. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post 3.65 earnings per share for the current fiscal year.

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.