Herr Investment Group LLC Has $13.77 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Herr Investment Group LLC decreased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 28.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 210,565 shares of the mining company’s stock after selling 83,325 shares during the period. Agnico Eagle Mines comprises about 0.9% of Herr Investment Group LLC’s holdings, making the stock its 7th largest holding. Herr Investment Group LLC’s holdings in Agnico Eagle Mines were worth $13,771,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AEM. Continuum Advisory LLC increased 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 valued at $26,000 after purchasing an additional 363 shares in the last quarter. Stephens Consulting LLC bought a new position in shares of Agnico Eagle Mines during the first quarter valued at $30,000. Janiczek Wealth Management LLC boosted its position in shares of Agnico Eagle Mines by 406.4% during the first quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock valued at $42,000 after buying an additional 569 shares during the last quarter. Scarborough Advisors LLC bought a new stake in Agnico Eagle Mines in the 4th quarter worth about $47,000. Finally, WASHINGTON TRUST Co increased its holdings in Agnico Eagle Mines by 92.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after buying an additional 350 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $81.83 on Friday. The stock has a market capitalization of $40.94 billion, a PE ratio of 86.14, a P/E/G ratio of 0.77 and a beta of 1.10. Agnico Eagle Mines Limited has a 1-year low of $43.22 and a 1-year high of $84.65. The business has a 50 day simple moving average of $77.87 and a two-hundred day simple moving average of $68.52. 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 (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business earned $0.65 earnings per share. Agnico Eagle Mines’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, research analysts predict that Agnico Eagle Mines Limited will post 3.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group started coverage on shares of Agnico Eagle Mines in a report on Tuesday. They set a “buy” rating and a $95.00 price objective for the company. Jefferies Financial Group upped their price objective on Agnico Eagle Mines from $59.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, July 12th. CIBC upped their price target on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Royal Bank of Canada boosted their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, BMO Capital Markets decreased their price target 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.67.

Agnico Eagle Mines Company 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.