GHP Investment Advisors Inc. Purchases 1,129 Shares of Agnico Eagle Mines Limited $AEM

GHP Investment Advisors Inc. raised its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 444.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,383 shares of the mining company’s stock after purchasing an additional 1,129 shares during the period. GHP Investment Advisors Inc.’s holdings in Agnico Eagle Mines were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AEM. Brighton Jones LLC lifted its position in shares of Agnico Eagle Mines by 11.5% during the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock worth $252,000 after acquiring an additional 331 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the first quarter worth $34,000. DAVENPORT & Co LLC purchased a new stake in shares of Agnico Eagle Mines during the first quarter worth $226,000. Private Trust Co. NA lifted its position in shares of Agnico Eagle Mines by 454.9% during the first quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock worth $31,000 after acquiring an additional 232 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Agnico Eagle Mines by 34.7% in the first quarter. Principal Financial Group Inc. now owns 27,915 shares of the mining company’s stock worth $3,024,000 after buying an additional 7,185 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AEM shares. Scotiabank reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Thursday, October 23rd. Citigroup increased their price objective on Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Raymond James Financial increased their price objective on Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. CIBC increased their price objective on Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Finally, TD Securities increased their price objective on Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $184.50.

Agnico Eagle Mines Stock Up 1.0%

AEM opened at $162.37 on Tuesday. The stock has a market cap of $81.58 billion, a PE ratio of 23.70, a P/E/G ratio of 0.70 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. Agnico Eagle Mines Limited has a 52 week low of $75.17 and a 52 week high of $187.50. The business’s fifty day simple moving average is $159.93 and its 200 day simple moving average is $135.09.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Agnico Eagle Mines had a return on equity of 15.97% and a net margin of 32.62%.During the same quarter in the prior year, the firm earned $1.14 earnings per share. As a group, research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal 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.