Baker Ellis Asset Management LLC Sells 500 Shares of Agnico Eagle Mines Limited $AEM

Baker Ellis Asset Management LLC lessened its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,587 shares of the mining company’s stock after selling 500 shares during the period. Baker Ellis Asset Management LLC’s holdings in Agnico Eagle Mines were worth $902,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AEM. TD Asset Management Inc raised its stake in Agnico Eagle Mines by 42.8% during the first quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company’s stock worth $978,553,000 after buying an additional 2,709,005 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Agnico Eagle Mines by 57.4% in the first quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock valued at $254,029,000 after purchasing an additional 854,924 shares in the last quarter. Nuveen LLC bought a new stake in Agnico Eagle Mines in the first quarter valued at $85,926,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Agnico Eagle Mines by 11.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock valued at $728,214,000 after purchasing an additional 673,400 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Agnico Eagle Mines in the fourth quarter valued at $46,799,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 0.2%

Agnico Eagle Mines stock opened at $153.35 on Monday. Agnico Eagle Mines Limited has a fifty-two week low of $75.17 and a fifty-two week high of $156.18. The stock has a market cap of $77.11 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 1.05 and a beta of 0.44. The firm’s 50-day simple moving average is $133.30 and its 200 day simple moving average is $119.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Zacks Research cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. National Bankshares reiterated an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. TD Securities upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a report on Thursday, July 17th. Royal Bank Of Canada lifted their price objective on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Finally, CIBC reiterated an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday, July 15th. Five analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price 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.