Sapient Capital LLC Acquires 145 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Sapient Capital LLC raised its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,001 shares of the mining company’s stock after acquiring an additional 145 shares during the quarter. Sapient Capital LLC’s holdings in Agnico Eagle Mines were worth $886,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Continuum Advisory LLC grew its position in Agnico Eagle Mines by 1,134.4% in the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock valued at $26,000 after acquiring an additional 363 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Agnico Eagle Mines during the 2nd quarter worth $32,000. Stephens Consulting LLC bought a new position in shares of Agnico Eagle Mines during the 1st quarter worth $30,000. Janiczek Wealth Management LLC grew its position in shares of Agnico Eagle Mines by 406.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after buying an additional 569 shares in the last quarter. Finally, WASHINGTON TRUST Co grew its position in shares of Agnico Eagle Mines by 92.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after buying an additional 350 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 0.5 %

Shares of NYSE:AEM opened at $79.83 on Tuesday. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $85.14. The stock has a market cap of $39.94 billion, a price-to-earnings ratio of 84.03, a PEG ratio of 0.71 and a beta of 1.10. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $80.06 and a 200-day moving average price of $71.86.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AEM. TD Securities increased their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Scotiabank increased their price target 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. UBS Group assumed coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective for the company. Jefferies Financial Group upped their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Finally, CIBC upped their price objective on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. 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 stock presently has an average rating of “Moderate Buy” and an average 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.