Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 146,826 shares of the mining company’s stock after selling 6,265 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Agnico Eagle Mines were worth $11,828,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AEM. TD Asset Management Inc raised its holdings in shares of Agnico Eagle Mines by 24.1% during the 1st quarter. TD Asset Management Inc now owns 5,306,106 shares of the mining company’s stock worth $316,700,000 after acquiring an additional 1,031,142 shares during the period. Capital Wealth Planning LLC raised its stake in Agnico Eagle Mines by 62.3% during the first quarter. Capital Wealth Planning LLC now owns 2,620,345 shares of the mining company’s stock worth $156,304,000 after purchasing an additional 1,006,001 shares during the period. National Bank of Canada FI boosted its holdings in 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 valued at $239,051,000 after purchasing an additional 874,920 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Agnico Eagle Mines by 10.8% in the 1st quarter. First Eagle Investment Management LLC now owns 6,891,385 shares of the mining company’s stock valued at $411,106,000 after buying an additional 672,503 shares during the period. Finally, Progeny 3 Inc. acquired a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth approximately $18,151,000. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Down 1.1 %

Shares of AEM stock opened at $86.92 on Friday. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $89.00. The company has a 50 day moving average price of $81.78 and a 200 day moving average price of $73.24. The stock has a market capitalization of $43.48 billion, a P/E ratio of 91.49, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.51.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.93 by $0.14. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Equities research analysts predict that Agnico Eagle Mines Limited will post 3.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on AEM. Scotiabank increased their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. CIBC increased their price target on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. UBS Group started coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective on the stock. Royal Bank of Canada increased their target price 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. Finally, TD Securities boosted their price target 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.78.

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.