7,953 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Acquired by Strategy Asset Managers LLC

Strategy Asset Managers LLC bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,953 shares of the mining company’s stock, valued at approximately $520,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truist Financial Corp lifted its position in Agnico Eagle Mines by 5.7% during the 4th quarter. Truist Financial Corp now owns 37,234 shares of the mining company’s stock worth $2,042,000 after buying an additional 2,006 shares in the last quarter. Natixis Advisors L.P. lifted its stake in Agnico Eagle Mines by 48.1% in the 4th quarter. Natixis Advisors L.P. now owns 26,970 shares of the mining company’s stock valued at $1,479,000 after purchasing an additional 8,764 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in Agnico Eagle Mines in the 4th quarter valued at approximately $195,000. Axxcess Wealth Management LLC bought a new position in Agnico Eagle Mines in the 4th quarter valued at approximately $263,000. Finally, Private Advisor Group LLC lifted its stake in Agnico Eagle Mines by 111.9% in the 4th quarter. Private Advisor Group LLC now owns 10,116 shares of the mining company’s stock valued at $555,000 after purchasing an additional 5,342 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $78.30 on Thursday. The company has a 50 day moving average price of $75.45 and a 200-day moving average price of $66.31. Agnico Eagle Mines Limited has a 52 week low of $43.22 and a 52 week high of $83.50. The firm has a market capitalization of $39.17 billion, a PE ratio of 82.42, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.06.

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 for the quarter, beating the consensus estimate of $0.93 by $0.14. The business had revenue of $2.08 billion for 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 revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 earnings per share. As a group, equities research analysts expect that Agnico Eagle Mines Limited will post 3.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. 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 report on Wednesday, July 10th. BMO Capital Markets dropped their target price on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday, June 20th. StockNews.com upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Scotiabank upped their price target on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, TD Securities increased their target price on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $82.86.

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.