Atomi Financial Group Inc. Takes Position in Agnico Eagle Mines Limited (NYSE:AEM)

Atomi Financial Group Inc. purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,036 shares of the mining company’s stock, valued at approximately $486,000.

A number of other institutional investors also recently bought and sold shares of the stock. Grayhawk Investment Strategies Inc. purchased a new position in shares of Agnico Eagle Mines in the 4th quarter valued at approximately $474,000. Paragon Associates & Paragon Associates II Joint Venture lifted its position in Agnico Eagle Mines by 20.0% during the fourth quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 150,000 shares of the mining company’s stock valued at $8,228,000 after buying an additional 25,000 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Agnico Eagle Mines by 13.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,071,399 shares of the mining company’s stock valued at $113,618,000 after buying an additional 243,467 shares in the last quarter. FIL Ltd boosted its holdings in shares of Agnico Eagle Mines by 16.4% during the 4th quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock valued at $1,102,481,000 after buying an additional 2,831,794 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the 4th quarter worth about $47,000. 68.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AEM. UBS Group assumed coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective on the stock. TD Securities lifted their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. StockNews.com raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. BMO Capital Markets lowered their price target on Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday, June 20th. Finally, Jefferies Financial Group increased their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.78.

Agnico Eagle Mines Stock Up 1.7 %

AEM opened at $79.46 on Friday. The stock has a market capitalization of $39.75 billion, a price-to-earnings ratio of 83.64, a PEG ratio of 0.78 and a beta of 1.10. The firm has a 50 day moving average price of $79.85 and a 200-day moving average price of $71.35. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $85.14. 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 announced its earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.14. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.65 EPS. Equities research analysts forecast that Agnico Eagle Mines Limited will post 3.73 earnings per share for the current 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.