Skandinaviska Enskilda Banken AB publ Purchases 4,600 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Skandinaviska Enskilda Banken AB publ raised its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,322 shares of the mining company’s stock after acquiring an additional 4,600 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Agnico Eagle Mines were worth $4,403,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. 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 buying an additional 363 shares during the last quarter. Stephens Consulting LLC acquired a new stake in Agnico Eagle Mines in the first quarter worth about $30,000. Janiczek Wealth Management LLC grew its stake 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 worth $42,000 after acquiring an additional 569 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the fourth quarter valued at about $47,000. Finally, WASHINGTON TRUST Co raised its position in shares of Agnico Eagle Mines by 92.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock valued at $48,000 after purchasing an additional 350 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Up 1.6 %

Shares of AEM opened at $83.13 on Monday. Agnico Eagle Mines Limited has a twelve month low of $43.22 and a twelve month 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 firm has a market capitalization of $41.59 billion, a P/E ratio of 87.51, a PEG ratio of 0.77 and a beta of 1.10. The firm’s 50-day moving average is $78.17 and its two-hundred day moving average is $69.05.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its 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. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The firm’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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AEM shares. Jefferies Financial Group upped their target price 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 increased their price objective on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research note 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. StockNews.com raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Finally, Scotiabank boosted their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.