Agnico Eagle Mines Limited $AEM Stock Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 18.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,905 shares of the mining company’s stock after purchasing an additional 5,663 shares during the period. Kestra Advisory Services LLC’s holdings in Agnico Eagle Mines were worth $6,580,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its position in shares of Agnico Eagle Mines by 600.0% during the 3rd quarter. Fortitude Family Office LLC now owns 140 shares of the mining company’s stock valued at $26,000 after acquiring an additional 120 shares during the last quarter. Markowski Investments bought a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth $29,000. Sawyer & Company Inc acquired a new position in shares of Agnico Eagle Mines in the 3rd quarter worth $35,000. Dunhill Financial LLC acquired a new position in shares of Agnico Eagle Mines in the 2nd quarter worth $31,000. Finally, Fiduciary Financial Advisors acquired a new position in shares of Agnico Eagle Mines in the 2nd quarter worth $32,000. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Down 2.4%

NYSE:AEM opened at $185.93 on Thursday. The firm has a market capitalization of $94.06 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.90 and a beta of 0.69. Agnico Eagle Mines Limited has a 1-year low of $134.38 and a 1-year high of $255.24. The company has a current ratio of 2.75, a quick ratio of 1.90 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average price is $188.46 and its 200 day moving average price is $188.68.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, October 28th. The mining company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.15. The company had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Agnico Eagle Mines had a return on equity of 21.68% and a net margin of 41.01%. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.10 EPS. On average, sell-side analysts forecast that Agnico Eagle Mines Limited will post 11.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AEM has been the subject of several analyst reports. Zacks Research raised Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. RBC Dominion Securities set a $225.00 price target on Agnico Eagle Mines and gave the stock a “sector perform” rating in a research note on Thursday, October 22nd. Royal Bank Of Canada lifted their price target on Agnico Eagle Mines from $210.00 to $225.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 16th. Canadian Imperial Bank of Commerce set a $239.00 price objective on Agnico Eagle Mines in a report on Friday, October 16th. Finally, Raymond James Financial reduced their price objective on shares of Agnico Eagle Mines from $230.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday, September 4th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $227.00.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company engaged in the exploration, development and production of gold, as well as related activities such as mineral processing and mine-site reclamation. The company’s principal product is gold, with silver and other byproducts also recovered from certain operations. Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s largest gold producers. Its operating portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland.