Agnico Eagle Mines Limited $AEM Stake Boosted by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC raised its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 10.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,963 shares of the mining company’s stock after purchasing an additional 282 shares during the period. Resonant Capital Advisors LLC’s holdings in Agnico Eagle Mines were worth $352,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Agnico Eagle Mines by 3.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company’s stock valued at $1,457,160,000 after buying an additional 499,362 shares during the period. TD Asset Management Inc boosted its stake in Agnico Eagle Mines by 3.6% in the second quarter. TD Asset Management Inc now owns 9,356,548 shares of the mining company’s stock valued at $1,112,500,000 after acquiring an additional 323,252 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Agnico Eagle Mines by 11.1% during 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 during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Agnico Eagle Mines by 57.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock worth $254,029,000 after purchasing an additional 854,924 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Agnico Eagle Mines by 10.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,977,395 shares of the mining company’s stock worth $214,361,000 after purchasing an additional 189,935 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $155.06 on Tuesday. The firm has a market capitalization of $77.96 billion, a PE ratio of 26.37, a P/E/G ratio of 0.73 and a beta of 0.46. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $157.43 and a 200 day moving average price of $133.54. Agnico Eagle Mines Limited has a 52-week low of $75.17 and a 52-week high of $187.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results 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 company had revenue of $2.86 billion for 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%. Agnico Eagle Mines’s revenue was up 35.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 EPS. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on AEM shares. Bank of America upped their price objective on Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Zacks Research raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Raymond James Financial increased their price objective on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Weiss Ratings downgraded shares of Agnico Eagle Mines from a “buy (a)” rating to a “buy (b+)” rating in a research report on Friday. Finally, UBS Group boosted their target price on shares of Agnico Eagle Mines from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Five equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $184.50.

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.