Legacy Financial Advisors Inc. Boosts Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Legacy Financial Advisors Inc. increased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 28.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,178 shares of the mining company’s stock after purchasing an additional 1,157 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Agnico Eagle Mines were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. FIL Ltd grew its stake in shares of Agnico Eagle Mines by 16.4% in the fourth quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock worth $1,102,481,000 after acquiring an additional 2,831,794 shares during the period. TD Asset Management Inc grew its position in Agnico Eagle Mines by 41.9% in the 4th quarter. TD Asset Management Inc now owns 4,274,964 shares of the mining company’s stock worth $235,535,000 after purchasing an additional 1,261,482 shares during the period. Capital World Investors raised its stake in Agnico Eagle Mines by 12.0% during the 4th quarter. Capital World Investors now owns 9,690,000 shares of the mining company’s stock valued at $531,284,000 after buying an additional 1,034,721 shares during the last quarter. Capital Wealth Planning LLC lifted its holdings in shares of Agnico Eagle Mines by 62.3% during the 1st quarter. Capital Wealth Planning LLC now owns 2,620,345 shares of the mining company’s stock valued at $156,304,000 after buying an additional 1,006,001 shares during the period. Finally, National Bank of Canada FI boosted its stake in shares of Agnico Eagle Mines by 27.9% in the 1st quarter. National Bank of Canada FI now owns 4,007,554 shares of the mining company’s stock worth $239,051,000 after buying an additional 874,920 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM opened at $83.13 on Friday. The stock has a market cap of $41.59 billion, a PE ratio of 87.51, a price-to-earnings-growth 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 firm has a fifty day moving average price of $78.17 and a 200-day moving average price of $68.94. 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 issued its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.14. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. Agnico Eagle Mines’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. Equities analysts anticipate that Agnico Eagle Mines Limited will post 3.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on 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. Royal Bank of Canada increased their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. CIBC boosted their target price 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. BMO Capital Markets reduced their target price on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, June 20th. Finally, UBS Group assumed coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus 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.