Agnico Eagle Mines Limited (NYSE:AEM) Stake Raised by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT raised its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,096,549 shares of the mining company’s stock after purchasing an additional 35,452 shares during the period. Agnico Eagle Mines accounts for about 1.3% of Bradley Foster & Sargent Inc. CT’s investment portfolio, making the stock its 20th largest position. Bradley Foster & Sargent Inc. CT owned approximately 0.22% of Agnico Eagle Mines worth $71,714,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Sense Advisors Inc. grew its holdings in Agnico Eagle Mines by 372.3% in the 1st quarter. Financial Sense Advisors Inc. now owns 62,330 shares of the mining company’s stock valued at $3,718,000 after buying an additional 49,132 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter worth approximately $2,297,000. Manning & Napier Advisors LLC acquired a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth approximately $2,595,000. FIL Ltd grew its holdings in shares of Agnico Eagle Mines by 16.4% during the 4th quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock worth $1,102,481,000 after purchasing an additional 2,831,794 shares in the last quarter. Finally, Crestline Management LP lifted its position in shares of Agnico Eagle Mines by 28.8% during the 4th quarter. Crestline Management LP now owns 180,891 shares of the mining company’s stock worth $9,922,000 after buying an additional 40,483 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AEM shares. TD Securities raised their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Royal Bank of Canada boosted their price objective on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. CIBC boosted their price objective on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. UBS Group assumed coverage on Agnico Eagle Mines in a research note on Tuesday. They issued a “buy” rating and a $95.00 price objective on the stock. Finally, Scotiabank upped their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.67.

Agnico Eagle Mines Trading Down 0.3 %

NYSE AEM opened at $82.31 on Wednesday. The stock has a 50-day simple moving average of $77.47 and a 200 day simple moving average of $68.20. The company has a market capitalization of $41.18 billion, a PE ratio of 86.64, a P/E/G ratio of 0.77 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 12 month low of $43.22 and a 12 month high of $83.95.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.14. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. Research analysts forecast that Agnico Eagle Mines Limited will post 3.65 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.