Agnico Eagle Mines Limited $AEM Shares Sold by Stack Financial Management Inc

Stack Financial Management Inc lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 253,516 shares of the mining company’s stock after selling 3,435 shares during the quarter. Agnico Eagle Mines comprises about 3.5% of Stack Financial Management Inc’s holdings, making the stock its 7th biggest holding. Stack Financial Management Inc owned about 0.05% of Agnico Eagle Mines worth $42,733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AEM. Pure Portfolios Holdings LLC boosted its position in Agnico Eagle Mines by 1.6% in the 3rd quarter. Pure Portfolios Holdings LLC now owns 3,781 shares of the mining company’s stock valued at $637,000 after buying an additional 60 shares during the period. HB Wealth Management LLC boosted its holdings in Agnico Eagle Mines by 1.2% in the third quarter. HB Wealth Management LLC now owns 5,640 shares of the mining company’s stock valued at $951,000 after purchasing an additional 69 shares during the period. Union Bancaire Privee UBP SA grew its stake in Agnico Eagle Mines by 1.6% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 4,446 shares of the mining company’s stock worth $749,000 after purchasing an additional 72 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in Agnico Eagle Mines by 59.7% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock worth $33,000 after purchasing an additional 74 shares during the period. Finally, Evergreen Capital Management LLC increased its holdings in Agnico Eagle Mines by 0.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 8,232 shares of the mining company’s stock worth $979,000 after purchasing an additional 77 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $223.17 on Thursday. The company has a quick ratio of 1.31, a current ratio of 2.12 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 52 week low of $89.16 and a 52 week high of $224.30. The firm’s 50-day simple moving average is $181.18 and its 200 day simple moving average is $161.10. The firm has a market capitalization of $111.74 billion, a PE ratio of 32.58, a P/E/G ratio of 0.63 and a beta of 0.63.

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

Analyst Upgrades and Downgrades

AEM has been the subject of a number of analyst reports. Scotiabank boosted their price objective on Agnico Eagle Mines from $219.00 to $276.00 and gave the stock an “outperform” rating in a research report on Monday. Zacks Research downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. CIBC raised their price objective on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. TD Securities raised their price target on Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings cut Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $217.40.

Agnico Eagle Mines Company 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.