Jupiter Topco LLC Makes New $16.90 Million Investment in Agnico Eagle Mines Limited $AEM

Jupiter Topco LLC acquired a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 108,876 shares of the mining company’s stock, valued at approximately $16,904,000.

Other large investors also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Agnico Eagle Mines by 1.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,266 shares of the mining company’s stock valued at $893,000 after buying an additional 59 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Agnico Eagle Mines by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,284 shares of the mining company’s stock valued at $2,422,000 after buying an additional 63 shares during the last quarter. Syon Capital LLC lifted its stake in Agnico Eagle Mines by 1.8% during the 4th quarter. Syon Capital LLC now owns 3,675 shares of the mining company’s stock valued at $623,000 after acquiring an additional 65 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in Agnico Eagle Mines by 1.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,289 shares of the mining company’s stock valued at $728,000 after acquiring an additional 67 shares in the last quarter. Finally, Rossby Financial LCC boosted its holdings in Agnico Eagle Mines by 1.1% during the 4th quarter. Rossby Financial LCC now owns 7,061 shares of the mining company’s stock worth $1,197,000 after acquiring an additional 74 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $206.41 on Friday. The company has a market capitalization of $104.63 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 2.56 and a beta of 0.60. The company’s 50-day moving average is $165.50 and its 200 day moving average is $187.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.02 and a current ratio of 2.86. Agnico Eagle Mines Limited has a fifty-two week low of $134.38 and a fifty-two week high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.16. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.78 billion. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. The firm’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.94 earnings per share. On average, equities research analysts forecast that Agnico Eagle Mines Limited will post 11.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AEM. Wall Street Zen lowered shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Royal Bank Of Canada dropped their price target on shares of Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 9th. Bank of America cut their price target on shares of Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Barclays reduced their price objective on shares of Agnico Eagle Mines from $210.00 to $188.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Finally, Zacks Research cut shares of Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $226.00.

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.