Oppenheimer & Co. Inc. Sells 2,010 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Oppenheimer & Co. Inc. cut its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,605 shares of the mining company’s stock after selling 2,010 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Agnico Eagle Mines were worth $3,637,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AEM. Private Advisor Group LLC raised its holdings in Agnico Eagle Mines by 111.9% during the fourth quarter. Private Advisor Group LLC now owns 10,116 shares of the mining company’s stock valued at $555,000 after acquiring an additional 5,342 shares during the period. SCP Investment LP bought a new stake in Agnico Eagle Mines during the fourth quarter valued at about $292,000. Principal Securities Inc. bought a new stake in Agnico Eagle Mines during the fourth quarter valued at about $119,000. Avantax Advisory Services Inc. raised its holdings in Agnico Eagle Mines by 2.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 16,031 shares of the mining company’s stock valued at $879,000 after acquiring an additional 339 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Agnico Eagle Mines by 36.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,437 shares of the mining company’s stock worth $463,000 after purchasing an additional 2,259 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AEM has been the topic of several research reports. Royal Bank of Canada lifted their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. TD Securities lifted their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Jefferies Financial Group lifted their target price on Agnico Eagle Mines from $59.00 to $66.00 and gave the stock a “hold” rating in a report on Friday, July 12th. BMO Capital Markets reduced their target price on Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, June 20th. Finally, CIBC lifted their target price on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.38.

Agnico Eagle Mines Trading Up 1.6 %

Shares of NYSE AEM opened at $83.17 on Monday. The business’s 50 day moving average is $77.21 and its two-hundred day moving average is $67.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.76. Agnico Eagle Mines Limited has a 1-year low of $43.22 and a 1-year high of $83.95. The stock has a market capitalization of $41.65 billion, a P/E ratio of 87.55, a PEG ratio of 0.77 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.14. The firm had revenue of $2.08 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, research analysts expect that Agnico Eagle Mines Limited will post 3.65 EPS for the current year.

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.