O Shaughnessy Asset Management LLC Boosts Holdings in Agnico Eagle Mines Limited $AEM

O Shaughnessy Asset Management LLC lifted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.6% during the fourth quarter, HoldingsChannel reports. The fund owned 134,082 shares of the mining company’s stock after acquiring an additional 3,400 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Agnico Eagle Mines were worth $22,735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AEM. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Agnico Eagle Mines by 42.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock worth $11,088,000 after purchasing an additional 19,647 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Agnico Eagle Mines by 1.5% in the 3rd quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock valued at $1,600,436,000 after purchasing an additional 143,645 shares in the last quarter. Gunderson Capital Management Inc. increased its holdings in shares of Agnico Eagle Mines by 187.6% in the 4th quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock valued at $8,155,000 after purchasing an additional 31,378 shares in the last quarter. TB Alternative Assets Ltd. lifted its stake in shares of Agnico Eagle Mines by 34.2% in the fourth quarter. TB Alternative Assets Ltd. now owns 229,630 shares of the mining company’s stock valued at $38,929,000 after purchasing an additional 58,490 shares during the period. Finally, Candriam S.C.A. boosted its holdings in Agnico Eagle Mines by 26.4% during the third quarter. Candriam S.C.A. now owns 218,303 shares of the mining company’s stock worth $36,776,000 after buying an additional 45,585 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AEM has been the topic of several recent analyst reports. TD upped their target price on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Canadian Imperial Bank of Commerce boosted their price target on Agnico Eagle Mines from C$304.00 to C$310.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Zacks Research downgraded Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. UBS Group reduced their price objective on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a report on Friday, March 27th. 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $236.08.

Agnico Eagle Mines Stock Down 1.0%

Shares of NYSE AEM opened at $162.07 on Tuesday. The firm has a market cap of $81.11 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 3.60 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. Agnico Eagle Mines Limited has a 1 year low of $114.60 and a 1 year high of $255.24. The firm’s 50 day moving average price is $193.38 and its 200 day moving average price is $194.71.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the business earned $1.53 EPS. The firm’s revenue was up 66.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 13.18 earnings per share for the current year.

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.