Agnico Eagle Mines Limited $AEM Shares Acquired by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC lifted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 150.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,480 shares of the mining company’s stock after purchasing an additional 8,090 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Agnico Eagle Mines were worth $2,285,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. TD Asset Management Inc lifted its position in shares of Agnico Eagle Mines by 1.7% during the fourth quarter. TD Asset Management Inc now owns 9,665,456 shares of the mining company’s stock worth $1,641,239,000 after purchasing an additional 165,263 shares in the last quarter. Intellectus Partners LLC acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth about $215,000. Sivia Capital Partners LLC lifted its position in shares of Agnico Eagle Mines by 41.3% during the fourth quarter. Sivia Capital Partners LLC now owns 4,340 shares of the mining company’s stock worth $736,000 after purchasing an additional 1,269 shares in the last quarter. Avestar Capital LLC raised its holdings in Agnico Eagle Mines by 19.8% in the fourth quarter. Avestar Capital LLC now owns 4,064 shares of the mining company’s stock valued at $689,000 after acquiring an additional 673 shares in the last quarter. Finally, Phillips Wealth Planners LLC acquired a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $267,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on AEM shares. JPMorgan Chase & Co. raised their target price on shares of Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Monday, May 4th. TD Securities raised their target price on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Zacks Research lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Canadian Imperial Bank of Commerce raised their target price on shares of Agnico Eagle Mines from C$304.00 to C$310.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.08.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $171.60 on Thursday. Agnico Eagle Mines Limited has a one year low of $114.60 and a one year high of $255.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. The business has a fifty day moving average of $194.59 and a two-hundred day moving average of $194.69. The company has a market cap of $85.88 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 3.94 and a beta of 0.56.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the company earned $1.53 earnings per share. Agnico Eagle Mines’s quarterly revenue was up 66.1% compared to the same quarter last year. As a group, analysts predict that Agnico Eagle Mines Limited will post 13.18 earnings per share for the current fiscal year.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.