U S Global Investors Inc. Sells 11,500 Shares of Agnico Eagle Mines Limited $AEM

U S Global Investors Inc. decreased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 27.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 30,000 shares of the mining company’s stock after selling 11,500 shares during the quarter. U S Global Investors Inc.’s holdings in Agnico Eagle Mines were worth $5,057,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AEM. Brighton Jones LLC grew its position in Agnico Eagle Mines by 11.5% in the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock worth $252,000 after purchasing an additional 331 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in shares of Agnico Eagle Mines in the 1st quarter worth approximately $242,000. EP Wealth Advisors LLC grew its holdings in shares of Agnico Eagle Mines by 7.7% in the first quarter. EP Wealth Advisors LLC now owns 2,780 shares of the mining company’s stock valued at $301,000 after acquiring an additional 198 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Agnico Eagle Mines during the first quarter valued at approximately $10,841,000. Finally, Advisors Asset Management Inc. bought a new stake in Agnico Eagle Mines during the first quarter worth $1,053,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Trading Up 0.4%

Shares of Agnico Eagle Mines stock opened at $170.28 on Friday. The stock has a market capitalization of $85.44 billion, a P/E ratio of 24.86, a P/E/G ratio of 0.50 and a beta of 0.63. Agnico Eagle Mines Limited has a 52-week low of $79.47 and a 52-week high of $187.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.12. The stock’s 50-day simple moving average is $167.94 and its 200 day simple moving average is $151.03.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share for the quarter, topping 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 firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the company earned $1.14 earnings per share. As a group, research analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AEM. Bank of America boosted their price objective on Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Weiss Ratings reissued a “buy (a-)” rating on shares of Agnico Eagle Mines in a report on Monday, December 29th. Wall Street Zen upgraded shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Saturday. UBS Group lifted their price objective on shares of Agnico Eagle Mines from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, December 1st. Finally, Citigroup boosted 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 note on Wednesday, October 15th. Six equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $201.60.

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.