Headlands Technologies LLC Purchases New Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Headlands Technologies LLC purchased a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,844 shares of the mining company’s stock, valued at approximately $289,000.

Several other institutional investors have also added to or reduced their stakes in the business. Tectonic Advisors LLC lifted its holdings in Agnico Eagle Mines by 5.5% during the first quarter. Tectonic Advisors LLC now owns 32,149 shares of the mining company’s stock valued at $1,918,000 after purchasing an additional 1,676 shares during the last quarter. Oppenheimer & Close LLC lifted its holdings in Agnico Eagle Mines by 0.7% during the first quarter. Oppenheimer & Close LLC now owns 99,911 shares of the mining company’s stock valued at $5,960,000 after purchasing an additional 718 shares during the last quarter. Forsta AP Fonden lifted its holdings in Agnico Eagle Mines by 10.3% during the first quarter. Forsta AP Fonden now owns 107,900 shares of the mining company’s stock valued at $6,440,000 after purchasing an additional 10,100 shares during the last quarter. Capital Wealth Planning LLC lifted its holdings 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 valued at $156,304,000 after purchasing an additional 1,006,001 shares during the last quarter. Finally, Nelson Capital Management LLC lifted its holdings in Agnico Eagle Mines by 1.6% during the first quarter. Nelson Capital Management LLC now owns 67,218 shares of the mining company’s stock valued at $4,010,000 after purchasing an additional 1,064 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of Agnico Eagle Mines from $59.00 to $66.00 and gave the stock a “hold” rating in a report on Friday, July 12th. Scotiabank upped their price objective on shares of Agnico Eagle Mines from $71.00 to $81.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 23rd. BMO Capital Markets decreased their price objective 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. TD Securities upped their price objective on shares of Agnico Eagle Mines from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, CIBC upped 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 report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.22.

Agnico Eagle Mines Stock Down 0.1 %

Shares of AEM traded down $0.06 during trading hours on Wednesday, hitting $76.43. The company had a trading volume of 214,560 shares, compared to its average volume of 2,879,253. The firm has a fifty day moving average price of $67.83 and a 200-day moving average price of $59.39. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 2.21. The stock has a market capitalization of $38.24 billion, a price-to-earnings ratio of 80.52, a P/E/G ratio of 0.80 and a beta of 1.06. Agnico Eagle Mines Limited has a 52-week low of $43.22 and a 52-week high of $77.04.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.60 by $0.16. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the company earned $0.57 EPS. Agnico Eagle Mines’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, equities research analysts forecast that Agnico Eagle Mines Limited will post 3.28 EPS for the current fiscal year.

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.