O Domhnaill Enterprises Inc. Purchases New Stake in Agnico Eagle Mines Limited $AEM

O Domhnaill Enterprises Inc. bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 1st quarter, HoldingsChannel reports. The firm bought 5,692 shares of the mining company’s stock, valued at approximately $1,155,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Agnico Eagle Mines during the fourth quarter worth about $1,367,783,000. Capital World Investors raised its position in shares of Agnico Eagle Mines by 20.0% during the 3rd quarter. Capital World Investors now owns 20,765,804 shares of the mining company’s stock valued at $3,497,470,000 after buying an additional 3,462,968 shares during the period. Van ECK Associates Corp raised its position in shares of Agnico Eagle Mines by 21.6% during the 4th quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company’s stock valued at $2,920,258,000 after buying an additional 3,062,705 shares during the period. Alberta Investment Management Corp acquired a new position in Agnico Eagle Mines in the fourth quarter valued at approximately $194,195,000. Finally, Employees Provident Fund Board purchased a new position in Agnico Eagle Mines in the fourth quarter worth approximately $183,341,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 3.1%

AEM stock traded down $4.81 during mid-day trading on Tuesday, reaching $150.13. The company had a trading volume of 548,129 shares, compared to its average volume of 2,707,719. Agnico Eagle Mines Limited has a fifty-two week low of $115.19 and a fifty-two week high of $255.24. The company has a market capitalization of $76.20 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 3.37 and a beta of 0.60. 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 firm has a fifty day simple moving average of $173.67 and a 200 day simple moving average of $193.63.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the prior year, the firm posted $1.53 EPS. The company’s quarterly revenue was up 66.1% compared to the same quarter last year. Analysts forecast that Agnico Eagle Mines Limited will post 13.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on AEM shares. Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and upped their price target for the company from $187.00 to $200.00 in a research note on Monday. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. Erste Group Bank downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Scotia lowered their price objective on shares of Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating for the company in a research report on Friday. Finally, Zacks Research lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average price target of $236.85.

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.