Themes Management Co LLC Acquires New Position in Agnico Eagle Mines Limited $AEM

Themes Management Co LLC acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 6,512 shares of the mining company’s stock, valued at approximately $1,104,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEM. MCF Advisors LLC purchased a new position in shares of Agnico Eagle Mines during the 3rd quarter valued at $34,000. 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 acquiring an additional 104 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in Agnico Eagle Mines during the fourth quarter valued at $35,000. Caitlin John LLC acquired a new stake in Agnico Eagle Mines during the third quarter valued at $36,000. Finally, Bangor Savings Bank purchased a new position in Agnico Eagle Mines in the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 0.1%

Shares of AEM stock opened at $175.79 on Tuesday. The business’s 50 day moving average is $197.11 and its two-hundred day moving average is $194.08. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 12 month low of $114.60 and a 12 month high of $255.24. The company has a market cap of $87.98 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 3.84 and a beta of 0.58.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.96 billion. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. 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 earned $1.53 EPS. Equities analysts predict that Agnico Eagle Mines Limited will post 13.14 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AEM shares. UBS Group cut their price target on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce dropped their price objective on Agnico Eagle Mines from $312.00 to $304.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, TD Securities lifted their target price on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $236.08.

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.