Financial Sense Advisors Inc. Grows Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Financial Sense Advisors Inc. increased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 372.3% in the 1st quarter, HoldingsChannel reports. The fund owned 62,330 shares of the mining company’s stock after buying an additional 49,132 shares during the quarter. Agnico Eagle Mines makes up about 1.2% of Financial Sense Advisors Inc.’s holdings, making the stock its 19th largest holding. Financial Sense Advisors Inc.’s holdings in Agnico Eagle Mines were worth $3,718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new stake in Agnico Eagle Mines in the 1st quarter worth approximately $30,000. Bruce G. Allen Investments LLC purchased a new stake in Agnico Eagle Mines during the 4th quarter valued at approximately $33,000. CVA Family Office LLC purchased a new stake in Agnico Eagle Mines during the 4th quarter valued at approximately $36,000. Janiczek Wealth Management LLC grew its holdings in Agnico Eagle Mines by 406.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock valued at $42,000 after buying an additional 569 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in Agnico Eagle Mines during the 4th quarter valued at approximately $47,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AEM shares. Scotiabank increased their price objective on shares of Agnico Eagle Mines from $71.00 to $81.00 and gave the company a “sector outperform” rating in a report on Thursday, May 23rd. StockNews.com raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. TD Securities increased their target price on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Finally, BMO Capital Markets lowered their target price on Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday, June 20th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and an average price target of $72.22.

Agnico Eagle Mines Trading Up 3.6 %

Agnico Eagle Mines stock opened at $68.01 on Thursday. The company has a quick ratio of 0.88, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. Agnico Eagle Mines Limited has a 52 week low of $43.22 and a 52 week high of $71.50. The company has a market capitalization of $34.02 billion, a price-to-earnings ratio of 71.59, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06. The stock has a 50-day moving average price of $66.51 and a 200 day moving average price of $58.26.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.16. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue was up 21.2% compared to the same quarter last year. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 3.16 EPS for the current year.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.