Gator Capital Management LLC Takes Position in Agnico Eagle Mines Limited $AEM

Gator Capital Management LLC purchased a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 12,349 shares of the mining company’s stock, valued at approximately $2,094,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Abound Wealth Management grew its position in Agnico Eagle Mines by 99.0% during the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after buying an additional 104 shares during the period. Lodestone Wealth Management LLC purchased a new stake in Agnico Eagle Mines during the fourth quarter valued at approximately $35,000. Jessup Wealth Management Inc purchased a new stake in Agnico Eagle Mines during the fourth quarter valued at approximately $35,000. Caitlin John LLC purchased a new stake in Agnico Eagle Mines during the third quarter valued at approximately $36,000. Finally, Bangor Savings Bank purchased a new stake in Agnico Eagle Mines during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AEM. Scotiabank reaffirmed an “outperform” rating and set a $280.00 target price on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. TD upped their target price on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average target price of $236.08.

Agnico Eagle Mines Price Performance

AEM stock opened at $162.70 on Friday. Agnico Eagle Mines Limited has a one year low of $114.60 and a one year high of $255.24. The company’s fifty day moving average price is $190.08 and its 200-day moving average price is $194.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. The company has a market capitalization of $81.43 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 3.46 and a beta of 0.56.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the firm earned $1.53 earnings per share. The company’s quarterly revenue was up 66.1% compared to the same quarter last year. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post 13.2 EPS for the current fiscal 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.