Diversified Trust Co Invests $235,000 in Agnico Eagle Mines Limited (NYSE:AEM)

Diversified Trust Co acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,921 shares of the mining company’s stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in Agnico Eagle Mines by 13.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,071,399 shares of the mining company’s stock worth $113,618,000 after buying an additional 243,467 shares in the last quarter. FIL Ltd raised its stake in shares of Agnico Eagle Mines by 16.4% during the 4th quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock worth $1,102,481,000 after purchasing an additional 2,831,794 shares in the last quarter. Scarborough Advisors LLC bought a new position in Agnico Eagle Mines during the fourth quarter valued at approximately $47,000. Integrated Advisors Network LLC lifted its stake in Agnico Eagle Mines by 4.2% in the fourth quarter. Integrated Advisors Network LLC now owns 15,000 shares of the mining company’s stock valued at $823,000 after acquiring an additional 600 shares during the last quarter. Finally, Creekmur Asset Management LLC bought a new stake in Agnico Eagle Mines in the fourth quarter worth approximately $54,000. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AEM. TD Securities lifted their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada upped their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. BMO Capital Markets cut their price objective on Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday, June 20th. StockNews.com raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Finally, Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Stock Up 0.1 %

AEM opened at $79.46 on Friday. The business has a 50 day moving average of $79.93 and a 200-day moving average of $71.51. The stock has a market capitalization of $39.87 billion, a price-to-earnings ratio of 64.60, a P/E/G ratio of 0.71 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year high of $85.14.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, beating 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 firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm earned $0.65 EPS. The business’s revenue was up 20.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 3.88 earnings per share for the current 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.