Agnico Eagle Mines Limited $AEM Shares Acquired by Sienna Gestion

Sienna Gestion lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 10.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 95,400 shares of the mining company’s stock after buying an additional 8,900 shares during the period. Sienna Gestion’s holdings in Agnico Eagle Mines were worth $10,357,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ameritas Advisory Services LLC bought a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Agnico Eagle Mines during the 1st quarter valued at about $26,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Agnico Eagle Mines during the 1st quarter valued at about $26,000. Private Trust Co. NA grew its position in shares of Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock valued at $31,000 after buying an additional 232 shares during the last quarter. Finally, City State Bank grew its position in shares of Agnico Eagle Mines by 69.2% during the 2nd quarter. City State Bank now owns 269 shares of the mining company’s stock valued at $32,000 after buying an additional 110 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

AEM has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Agnico Eagle Mines from a “buy (a)” rating to a “buy (b+)” rating in a research report on Friday, October 24th. TD Securities increased their price objective on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Zacks Research raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. CIBC increased their price objective on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Finally, UBS Group increased their price objective on shares of Agnico Eagle Mines from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Five analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and an average price target of $184.50.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $159.79 on Thursday. The firm has a 50-day moving average price of $160.66 and a 200 day moving average price of $135.51. The firm has a market capitalization of $80.29 billion, a PE ratio of 23.33, a P/E/G ratio of 0.70 and a beta of 0.45. 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.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.93 billion. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.97%. During the same quarter in the prior year, the firm posted $1.14 EPS. On average, sell-side analysts anticipate 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.