Mccarter Private Wealth Services LLC Purchases 3,086 Shares of Agnico Eagle Mines Limited $AEM

Mccarter Private Wealth Services LLC raised its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 9.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 34,507 shares of the mining company’s stock after purchasing an additional 3,086 shares during the period. Agnico Eagle Mines makes up 2.6% of Mccarter Private Wealth Services LLC’s investment portfolio, making the stock its 8th biggest holding. Mccarter Private Wealth Services LLC’s holdings in Agnico Eagle Mines were worth $5,850,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AEM. MCF Advisors LLC acquired a new stake in shares of Agnico Eagle Mines in the 3rd quarter valued at about $34,000. Abound Wealth Management increased its position in shares of Agnico Eagle Mines by 99.0% in the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after acquiring an additional 104 shares during the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at about $35,000. Caitlin John LLC acquired a new stake in shares of Agnico Eagle Mines in the third quarter valued at about $36,000. Finally, Bangor Savings Bank acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 1.3%

Agnico Eagle Mines stock opened at $178.79 on Wednesday. Agnico Eagle Mines Limited has a 52 week low of $114.60 and a 52 week 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 stock has a market capitalization of $89.48 billion, a P/E ratio of 16.80, a PEG ratio of 3.84 and a beta of 0.56. The stock has a 50-day simple moving average of $194.84 and a 200 day simple moving average of $194.63.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, topping 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 business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter last year, the company posted $1.53 earnings per share. Agnico Eagle Mines’s quarterly revenue was up 66.1% on a year-over-year basis. Analysts expect that Agnico Eagle Mines Limited will post 13.18 earnings per share for the current year.

Analyst Ratings Changes

AEM has been the topic of a number of recent research reports. UBS Group lowered their target price on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. JPMorgan Chase & Co. lifted their target price on Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Zacks Research downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings downgraded Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Finally, Barclays initiated coverage on Agnico Eagle Mines in a research report on Thursday, May 21st. They issued an “overweight” rating and a $213.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.08.

About Agnico Eagle Mines

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.