Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group decreased its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 19.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 21,724 shares of the mining company’s stock after selling 5,338 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Agnico Eagle Mines were worth $1,421,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AEM. Continuum Advisory LLC grew its stake in Agnico Eagle Mines by 1,134.4% during the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock worth $26,000 after purchasing an additional 363 shares in the last quarter. Stephens Consulting LLC acquired a new position in shares of Agnico Eagle Mines during the first quarter worth about $30,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the second quarter worth approximately $32,000. Janiczek Wealth Management LLC raised its holdings in Agnico Eagle Mines by 406.4% in the first quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock valued at $42,000 after acquiring an additional 569 shares in the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 2.7 %

NYSE:AEM opened at $81.83 on Friday. Agnico Eagle Mines Limited has a 1 year low of $43.22 and a 1 year high of $85.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.51. The stock has a fifty day moving average price of $78.99 and a two-hundred day moving average price of $69.84. The stock has a market capitalization of $40.94 billion, a price-to-earnings ratio of 86.14, a PEG ratio of 0.78 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.14. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 3.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AEM has been the topic of a number of analyst reports. Royal Bank of Canada raised their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. TD Securities boosted their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report 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 report on Thursday, June 20th. Scotiabank boosted their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Finally, Jefferies Financial Group upped their price target on Agnico Eagle Mines from $59.00 to $66.00 and gave the stock a “hold” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.67.

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.