XTX Topco Ltd Invests $1.14 Million in Agnico Eagle Mines Limited (NYSE:AEM)

XTX Topco Ltd bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,365 shares of the mining company’s stock, valued at approximately $1,136,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Continuum Advisory LLC lifted its position in shares of 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 acquiring an additional 363 shares during the last quarter. Stephens Consulting LLC purchased a new stake 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% 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 period. Scarborough Advisors LLC purchased a new position in Agnico Eagle Mines in the 4th quarter worth about $47,000. Finally, WASHINGTON TRUST Co raised its holdings in Agnico Eagle Mines by 92.1% during 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 during the period. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $83.13 on Friday. The firm has a market cap of $41.59 billion, a price-to-earnings ratio of 87.51, 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 company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $78.01 and a 200 day simple moving average of $68.62.

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. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. As a group, sell-side analysts predict that Agnico Eagle Mines Limited will post 3.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on AEM. CIBC raised their target price on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. TD Securities raised their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. 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 note on Tuesday, September 10th. Jefferies Financial Group raised their target price 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. Finally, UBS Group initiated coverage on Agnico Eagle Mines in a report on Tuesday. They set a “buy” rating and a $95.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average price target of $84.67.

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.