Agnico Eagle Mines Limited $AEM Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 134,082 shares of the mining company’s stock after purchasing an additional 3,400 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Agnico Eagle Mines were worth $22,735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of AEM. Norges Bank purchased a new position in Agnico Eagle Mines in the 4th quarter worth approximately $1,367,783,000. Capital World Investors increased its holdings in shares of Agnico Eagle Mines by 20.0% in the third quarter. Capital World Investors now owns 20,765,804 shares of the mining company’s stock valued at $3,497,470,000 after purchasing an additional 3,462,968 shares during the last quarter. Clearbridge Investments LLC lifted its position in Agnico Eagle Mines by 60.5% during the fourth quarter. Clearbridge Investments LLC now owns 2,149,463 shares of the mining company’s stock worth $364,398,000 after buying an additional 810,543 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Agnico Eagle Mines by 566.2% during the third quarter. Lazard Asset Management LLC now owns 888,239 shares of the mining company’s stock worth $149,593,000 after buying an additional 754,919 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Agnico Eagle Mines by 26,635.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 736,835 shares of the mining company’s stock worth $124,916,000 after buying an additional 734,079 shares during the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on AEM. Wall Street Zen cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. TD lifted their target price on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. Barclays assumed coverage on shares of Agnico Eagle Mines in a research note on Thursday, May 21st. They issued an “overweight” rating and a $213.00 price target for the company. Finally, TD Securities lifted their price target on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.08.

Agnico Eagle Mines Trading Down 1.0%

Shares of NYSE:AEM opened at $162.07 on Tuesday. Agnico Eagle Mines Limited has a 52 week low of $114.60 and a 52 week high of $255.24. The company’s 50 day moving average is $193.38 and its two-hundred day moving average is $194.71. The company has a market cap of $81.11 billion, a PE ratio of 15.23, a P/E/G ratio of 3.60 and a beta of 0.56. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the firm posted $1.53 EPS. The business’s quarterly revenue was up 66.1% compared to the same quarter last year. Equities 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.