Harvest Portfolios Group Inc. Increases Holdings in Agnico Eagle Mines Limited $AEM

Harvest Portfolios Group Inc. increased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 180.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 15,977 shares of the mining company’s stock after buying an additional 10,285 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Agnico Eagle Mines were worth $1,904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ameritas Advisory Services LLC purchased a new position in shares of Agnico Eagle Mines during the second quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Agnico Eagle Mines during the 1st quarter valued at $26,000. Cary Street Partners Investment Advisory LLC purchased a new position in Agnico Eagle Mines in the 1st quarter worth $26,000. Private Trust Co. NA lifted its stake in Agnico Eagle Mines by 454.9% in the first quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock worth $31,000 after purchasing an additional 232 shares during the last quarter. Finally, City State Bank boosted its position in Agnico Eagle Mines by 69.2% during the second 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 period. 68.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup lifted their price objective on Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. CIBC lifted their price target on Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Weiss Ratings downgraded Agnico Eagle Mines from a “buy (a)” rating to a “buy (b+)” rating in a research report on Friday, October 24th. UBS Group raised their target price 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. Finally, Raymond James Financial lifted their target price on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $184.50.

Agnico Eagle Mines Stock Up 1.2%

NYSE:AEM opened at $161.28 on Friday. Agnico Eagle Mines Limited has a 1-year low of $75.17 and a 1-year high of $187.50. The firm’s 50-day moving average price is $161.41 and its 200-day moving average price is $135.94. The company has a market capitalization of $81.04 billion, a PE ratio of 23.54, a P/E/G ratio of 0.70 and a beta of 0.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.40. Agnico Eagle Mines had a return on equity of 15.97% and a net margin of 32.62%.The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the company earned $1.14 earnings per share. On average, equities analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

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.