Agnico Eagle Mines Limited $AEM Shares Bought by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC raised its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,029 shares of the mining company’s stock after acquiring an additional 257 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Agnico Eagle Mines were worth $2,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Voya Investment Management LLC raised its holdings in Agnico Eagle Mines by 100.3% during the 1st quarter. Voya Investment Management LLC now owns 17,008 shares of the mining company’s stock worth $1,842,000 after buying an additional 8,515 shares during the period. Fruth Investment Management increased its holdings in Agnico Eagle Mines by 10.3% in the first quarter. Fruth Investment Management now owns 6,975 shares of the mining company’s stock worth $756,000 after buying an additional 650 shares during the last quarter. Advisors Capital Management LLC increased its holdings in Agnico Eagle Mines by 1.1% in the first quarter. Advisors Capital Management LLC now owns 113,638 shares of the mining company’s stock worth $12,320,000 after buying an additional 1,242 shares during the last quarter. McAdam LLC acquired a new position in Agnico Eagle Mines during the first quarter valued at approximately $201,000. Finally, Intech Investment Management LLC grew its holdings in Agnico Eagle Mines by 144.9% during the first quarter. Intech Investment Management LLC now owns 68,697 shares of the mining company’s stock valued at $7,442,000 after purchasing an additional 40,644 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $153.35 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. Agnico Eagle Mines Limited has a 1 year low of $75.17 and a 1 year high of $156.18. The stock has a market cap of $77.11 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 1.06 and a beta of 0.45. The stock’s 50-day moving average price is $133.30 and its two-hundred day moving average price is $119.67.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the business earned $1.07 earnings per share. The company’s revenue was up 35.6% compared to the same quarter last year. On average, equities analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Bank of America increased their price target on Agnico Eagle Mines from $170.00 to $173.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Raymond James Financial raised Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 target price for the company in a research report on Monday, June 30th. TD Securities upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Thursday, July 17th. Royal Bank Of Canada increased their price objective on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Finally, National Bankshares restated an “outperform” rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. Five investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average price target of $136.90.

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.