Agnico Eagle Mines Limited $AEM Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC boosted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 183.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,101 shares of the mining company’s stock after buying an additional 5,885 shares during the quarter. Diversify Wealth Management LLC’s holdings in Agnico Eagle Mines were worth $1,847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Acumen Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at $26,000. Abound Wealth Management raised its holdings in shares of Agnico Eagle Mines by 99.0% during the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock worth $35,000 after purchasing an additional 104 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in Agnico Eagle Mines during the fourth quarter valued at $35,000. Jessup Wealth Management Inc purchased a new stake in Agnico Eagle Mines in the fourth quarter valued at $35,000. Finally, Bangor Savings Bank purchased a new stake in Agnico Eagle Mines in the fourth quarter valued at $37,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Up 0.5%

AEM opened at $144.29 on Wednesday. The company has a fifty day moving average of $168.50 and a two-hundred day moving average of $192.40. The stock has a market capitalization of $73.24 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 1.88 and a beta of 0.60. Agnico Eagle Mines Limited has a fifty-two week low of $116.83 and a fifty-two week high of $255.24. 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 (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.21. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The company’s revenue for the quarter was up 66.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 EPS. On average, research analysts expect that Agnico Eagle Mines Limited will post 12.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AEM shares. Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and increased their price target for the stock from $187.00 to $200.00 in a research report on Monday, July 6th. TD raised their target price on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Zacks Research cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Canadian Imperial Bank of Commerce boosted their price target on Agnico Eagle Mines from C$304.00 to C$310.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Finally, Scotiabank lowered their price objective on Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating on the stock in a research report on Tuesday. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.77.

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.