Agnico Eagle Mines Limited $AEM Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 18.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 35,905 shares of the mining company’s stock after buying an additional 5,663 shares during the period. Kestra Advisory Services LLC’s holdings in Agnico Eagle Mines were worth $6,580,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AEM. Compass Financial Management LLC bought a new position in shares of Agnico Eagle Mines in the third quarter valued at approximately $57,000. Provenance Wealth Advisors LLC boosted its holdings in shares of Agnico Eagle Mines by 55.8% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 2,866 shares of the mining company’s stock worth $525,000 after buying an additional 1,026 shares during the period. IPG Investment Advisors LLC grew its stake in Agnico Eagle Mines by 77.3% in the 3rd quarter. IPG Investment Advisors LLC now owns 3,900 shares of the mining company’s stock valued at $715,000 after buying an additional 1,700 shares during the last quarter. McAlvany Wealth Management LLC grew its stake in Agnico Eagle Mines by 23.9% in the 3rd quarter. McAlvany Wealth Management LLC now owns 45,995 shares of the mining company’s stock valued at $8,430,000 after buying an additional 8,887 shares during the last quarter. Finally, Walled Lake Planning & Wealth Management LLC acquired a new position in Agnico Eagle Mines in the 3rd quarter valued at $219,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 2.4%

Shares of AEM opened at $185.93 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.90 and a current ratio of 2.75. The company has a 50-day simple moving average of $188.46 and a 200-day simple moving average of $188.68. Agnico Eagle Mines Limited has a 52 week low of $134.38 and a 52 week high of $255.24. The firm has a market capitalization of $94.06 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.90 and a beta of 0.69.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, October 28th. The mining company reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.15. The company had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.51 billion. Agnico Eagle Mines had a return on equity of 21.68% and a net margin of 41.01%. Agnico Eagle Mines’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.10 EPS. On average, equities research analysts expect that Agnico Eagle Mines Limited will post 11.41 earnings per share for the current year.

Wall Street Analyst Weigh In

AEM has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Agnico Eagle Mines from $218.00 to $215.00 and set an “overweight” rating for the company in a research report on Monday, November 2nd. Citigroup lowered their price target on Agnico Eagle Mines from $256.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Raymond James Financial lowered their price target on Agnico Eagle Mines from $230.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, September 4th. JPMorgan Chase & Co. lifted their price objective on Agnico Eagle Mines from $190.00 to $193.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. Finally, UBS Group boosted their price objective on Agnico Eagle Mines from $170.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $227.00.

About Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company engaged in the exploration, development and production of gold, as well as related activities such as mineral processing and mine-site reclamation. The company’s principal product is gold, with silver and other byproducts also recovered from certain operations. Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s largest gold producers. Its operating portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland.