Bay Colony Advisory Group Inc d b a Bay Colony Advisors Acquires 158 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,217 shares of the mining company’s stock after purchasing an additional 158 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Agnico Eagle Mines were worth $472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Van ECK Associates Corp boosted its stake in Agnico Eagle Mines by 9.5% in the fourth quarter. Van ECK Associates Corp now owns 23,059,010 shares of the mining company’s stock valued at $1,264,791,000 after buying an additional 1,995,127 shares in the last quarter. FIL Ltd boosted its stake in shares of Agnico Eagle Mines by 16.4% in the 4th quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock valued at $1,102,481,000 after purchasing an additional 2,831,794 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Agnico Eagle Mines by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 17,562,802 shares of the mining company’s stock valued at $963,320,000 after purchasing an additional 338,264 shares during the last quarter. Capital World Investors increased its position in Agnico Eagle Mines by 0.8% during the 1st quarter. Capital World Investors now owns 9,769,275 shares of the mining company’s stock worth $582,529,000 after purchasing an additional 79,275 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in 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 purchasing an additional 672,503 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. CIBC upped their target price on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Jefferies Financial Group lifted their price target on Agnico Eagle Mines from $59.00 to $66.00 and gave the company a “hold” rating in a research note on Friday, July 12th. TD Securities boosted their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets dropped their price objective 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.86.

Agnico Eagle Mines Trading Up 1.6 %

Shares of AEM traded up $1.29 during mid-day trading on Friday, reaching $82.76. 789,520 shares of the company were exchanged, compared to its average volume of 2,775,760. The business has a 50 day simple moving average of $72.53 and a two-hundred day simple moving average of $64.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.88 and a current ratio of 1.51. The stock has a market capitalization of $41.40 billion, a PE ratio of 87.13, a PEG ratio of 0.77 and a beta of 1.06. Agnico Eagle Mines Limited has a 52 week low of $43.22 and a 52 week high of $83.19.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $0.65 EPS. The company’s quarterly revenue was up 20.9% on a year-over-year basis. On average, analysts predict that Agnico Eagle Mines Limited will post 3.52 earnings per share for the current fiscal year.

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.