Agnico Eagle Mines Limited $AEM Shares Sold by Lee Johnson Capital Management LLC

Lee Johnson Capital Management LLC lowered its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 43.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,115 shares of the mining company’s stock after selling 15,434 shares during the period. Agnico Eagle Mines comprises approximately 1.1% of Lee Johnson Capital Management LLC’s investment portfolio, making the stock its 24th biggest position. Lee Johnson Capital Management LLC’s holdings in Agnico Eagle Mines were worth $3,391,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Ascent Group LLC raised its holdings in Agnico Eagle Mines by 4.9% in the 3rd quarter. Ascent Group LLC now owns 2,071 shares of the mining company’s stock worth $349,000 after purchasing an additional 97 shares during the period. Baron Wealth Management LLC lifted its position in shares of Agnico Eagle Mines by 6.1% during the 3rd quarter. Baron Wealth Management LLC now owns 1,820 shares of the mining company’s stock valued at $307,000 after buying an additional 105 shares in the last quarter. Pure Financial Advisors LLC acquired a new stake in Agnico Eagle Mines in the 3rd quarter valued at $268,000. Oak Harvest Investment Services increased its holdings in Agnico Eagle Mines by 2.4% in the 3rd quarter. Oak Harvest Investment Services now owns 108,143 shares of the mining company’s stock worth $18,229,000 after acquiring an additional 2,511 shares in the last quarter. Finally, Optivise Advisory Services LLC acquired a new position in Agnico Eagle Mines during the third quarter worth $287,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AEM. Citigroup lifted their target price on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Zacks Research upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. UBS Group increased their target price on Agnico Eagle Mines from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, December 1st. CIBC lifted their price target on Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Finally, Raymond James Financial boosted their target price on Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Six investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines has a consensus rating of “Buy” and a consensus target price of $201.60.

Agnico Eagle Mines Trading Up 0.2%

Shares of AEM stock opened at $171.71 on Wednesday. Agnico Eagle Mines Limited has a fifty-two week low of $77.14 and a fifty-two week high of $187.50. The company has a 50 day moving average price of $167.58 and a 200 day moving average price of $150.25. The stock has a market capitalization of $86.15 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 0.62 and a beta of 0.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.12.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.76 by $0.40. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.64%. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the company posted $1.14 EPS. Equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines 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.