Agnico Eagle Mines Limited $AEM Stock Position Lifted by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lifted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 125.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,470 shares of the mining company’s stock after purchasing an additional 4,711 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Agnico Eagle Mines were worth $1,436,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Abound Wealth Management grew its stake in shares of Agnico Eagle Mines by 99.0% in 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 in the last quarter. Lodestone Wealth Management LLC bought a new position in shares of Agnico Eagle Mines in the fourth quarter worth $35,000. Caitlin John LLC bought a new position in shares of Agnico Eagle Mines in the third quarter worth $36,000. Bangor Savings Bank bought a new position in shares of Agnico Eagle Mines in the fourth quarter worth $37,000. Finally, Addison Advisors LLC grew its stake in shares of Agnico Eagle Mines by 94.1% in the third quarter. Addison Advisors LLC now owns 229 shares of the mining company’s stock worth $39,000 after purchasing an additional 111 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

AEM has been the subject of several recent analyst reports. TD increased their price target on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings cut Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Scotiabank reaffirmed an “outperform” rating and set a $280.00 target price on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. TD Securities raised their target price on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Finally, Wall Street Zen cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $236.08.

Agnico Eagle Mines Trading Down 1.5%

NYSE:AEM opened at $159.65 on Wednesday. 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 1-year low of $114.60 and a 1-year high of $255.24. The firm has a market capitalization of $79.90 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 3.57 and a beta of 0.56. The stock has a fifty day simple moving average of $192.71 and a 200 day simple moving average of $194.65.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the company posted $1.53 EPS. Agnico Eagle Mines’s revenue for the quarter was up 66.1% on a year-over-year basis. Sell-side analysts forecast that Agnico Eagle Mines Limited will post 13.18 earnings per share for the current 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.