Profund Advisors LLC Has $8.75 Million Stock Position in Agnico Eagle Mines Limited $AEM

Profund Advisors LLC reduced its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,622 shares of the mining company’s stock after selling 10,408 shares during the period. Profund Advisors LLC’s holdings in Agnico Eagle Mines were worth $8,751,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Capital World Investors increased its position in Agnico Eagle Mines by 20.0% during the third quarter. Capital World Investors now owns 20,765,804 shares of the mining company’s stock worth $3,497,470,000 after acquiring an additional 3,462,968 shares during the period. Lazard Asset Management LLC grew its position in Agnico Eagle Mines by 566.2% in the 3rd quarter. Lazard Asset Management LLC now owns 888,239 shares of the mining company’s stock worth $149,593,000 after purchasing an additional 754,919 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Agnico Eagle Mines by 26,635.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 736,835 shares of the mining company’s stock worth $124,916,000 after purchasing an additional 734,079 shares during the last quarter. Korea Investment CORP increased its holdings in shares of Agnico Eagle Mines by 138.5% during the 3rd quarter. Korea Investment CORP now owns 972,595 shares of the mining company’s stock worth $163,847,000 after purchasing an additional 564,723 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Agnico Eagle Mines during the 3rd quarter worth about $68,467,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 0.7%

NYSE AEM opened at $179.14 on Tuesday. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $201.77 and its two-hundred day moving average is $193.50. The company has a market capitalization of $89.66 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 3.93 and a beta of 0.58. Agnico Eagle Mines Limited has a 1-year low of $107.18 and a 1-year high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.21. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.Agnico Eagle Mines’s quarterly revenue was up 66.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.53 EPS. Equities analysts forecast that Agnico Eagle Mines Limited will post 13.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AEM has been the subject of several research reports. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce cut their price target on Agnico Eagle Mines from $312.00 to $304.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. TD raised their price objective on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Zacks Research lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $238.18.

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.