Townsquare Capital LLC Trims Position in Agnico Eagle Mines Limited $AEM

Townsquare Capital LLC lowered its position in Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 48.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,556 shares of the mining company’s stock after selling 4,292 shares during the quarter. Townsquare Capital LLC’s holdings in Agnico Eagle Mines were worth $768,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at approximately $25,000. True Wealth Design LLC lifted its holdings in Agnico Eagle Mines by 381.3% in the third quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after acquiring an additional 122 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Agnico Eagle Mines in the second quarter worth approximately $29,000. City State Bank increased its stake in Agnico Eagle Mines by 69.2% during the second quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after acquiring an additional 110 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its position in Agnico Eagle Mines by 59.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after purchasing an additional 74 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, January 12th. Zacks Research cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Bank of America boosted their target price on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. CIBC upped 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, Jefferies Financial Group set a $189.00 price objective on Agnico Eagle Mines in a research note on Sunday, December 7th. Four research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $224.73.

Check Out Our Latest Report on AEM

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $190.46 on Friday. The company has a market cap of $95.36 billion, a P/E ratio of 27.80, a PEG ratio of 0.59 and a beta of 0.63. The firm has a fifty day moving average price of $182.93 and a 200 day moving average price of $161.97. The company has a current ratio of 2.12, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 12 month low of $92.11 and a 12 month high of $225.00.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last posted its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Agnico Eagle Mines had a return on equity of 15.64% and a net margin of 32.62%.During the same period last year, the firm earned $1.14 earnings per share. Sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

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Agnico Eagle Mines Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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