Agnico Eagle Mines Limited $AEM Shares Sold by St. James Investment Company LLC

St. James Investment Company LLC decreased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.0% during the 3rd quarter, Holdings Channel reports. The firm owned 244,135 shares of the mining company’s stock after selling 4,990 shares during the period. Agnico Eagle Mines comprises about 6.5% of St. James Investment Company LLC’s investment portfolio, making the stock its 5th biggest position. St. James Investment Company LLC’s holdings in Agnico Eagle Mines were worth $41,151,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new position in shares of Agnico Eagle Mines in the second quarter valued at $25,000. True Wealth Design LLC lifted its stake in Agnico Eagle Mines by 381.3% in the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after purchasing an additional 122 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Agnico Eagle Mines during the second quarter worth about $29,000. City State Bank increased its position 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 buying an additional 110 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 74 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AEM shares. Raymond James Financial reaffirmed an “outperform” rating and set a $225.00 price target on shares of Agnico Eagle Mines in a report on Wednesday, January 14th. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, January 12th. UBS Group upped their price target on shares of Agnico Eagle Mines from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, December 1st. Jefferies Financial Group set a $189.00 price objective on shares of Agnico Eagle Mines in a research report on Sunday, December 7th. Finally, Zacks Research raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Five research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $211.70.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $197.61 on Tuesday. The firm has a 50 day moving average of $174.78 and a 200-day moving average of $156.72. Agnico Eagle Mines Limited has a 12 month low of $82.86 and a 12 month high of $201.95. The company has a current ratio of 2.12, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $98.94 billion, a PE ratio of 28.85, a PEG ratio of 0.58 and a beta of 0.63.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period last year, the firm posted $1.14 earnings per share. On average, 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.