Agnico Eagle Mines Limited $AEM Shares Bought by Fruth Investment Management

Fruth Investment Management raised its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 10.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,975 shares of the mining company’s stock after acquiring an additional 650 shares during the quarter. Fruth Investment Management’s holdings in Agnico Eagle Mines were worth $756,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Agnico Eagle Mines in the first quarter valued at approximately $26,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Agnico Eagle Mines in the first quarter valued at approximately $26,000. Private Trust Co. NA grew its position in Agnico Eagle Mines by 454.9% in the first quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after acquiring an additional 232 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines during the first quarter worth approximately $34,000. Finally, Dagco Inc. acquired a new stake in shares of Agnico Eagle Mines during the first quarter worth approximately $39,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AEM has been the subject of a number of recent analyst reports. Lake Street Capital reissued a “buy” rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. Raymond James Financial raised shares of Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 price target for the company in a research report on Monday, June 30th. TD Securities raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Thursday, July 17th. Royal Bank Of Canada raised their price target on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Finally, Zacks Research downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. Five investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus price target of $136.90.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $153.67 on Friday. The company has a market cap of $77.27 billion, a PE ratio of 26.13, a P/E/G ratio of 1.05 and a beta of 0.45. The company has a fifty day moving average price of $132.64 and a two-hundred day moving average price of $119.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. Agnico Eagle Mines Limited has a 12 month low of $75.17 and a 12 month high of $156.18.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The firm’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 earnings per share. Research analysts expect that Agnico Eagle Mines Limited will post 4.63 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.