1,723 Shares in Agnico Eagle Mines Limited $AEM Bought by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC purchased a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,723 shares of the mining company’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently made changes to their positions in AEM. Massachusetts Financial Services Co. MA raised its holdings in Agnico Eagle Mines by 3.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company’s stock valued at $1,457,160,000 after buying an additional 499,362 shares during the last quarter. TD Asset Management Inc increased its position in Agnico Eagle Mines by 42.8% in the 1st quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company’s stock valued at $978,553,000 after acquiring an additional 2,709,005 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Agnico Eagle Mines by 11.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock valued at $728,214,000 after acquiring an additional 673,400 shares during the period. Canada Pension Plan Investment Board increased its position in Agnico Eagle Mines by 57.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock valued at $254,029,000 after acquiring an additional 854,924 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Agnico Eagle Mines by 10.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,977,395 shares of the mining company’s stock worth $214,361,000 after purchasing an additional 189,935 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $164.28 on Friday. The stock has a market capitalization of $82.60 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.08 and a beta of 0.46. Agnico Eagle Mines Limited has a 52-week low of $75.17 and a 52-week high of $172.21. The stock’s 50 day moving average price is $149.57 and its two-hundred day moving average price is $128.20. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the business earned $1.07 EPS. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. On average, equities analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on AEM. Raymond James Financial boosted their price objective on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday. Lake Street Capital restated a “buy” rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. National Bankshares restated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. TD Securities increased their target price on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, UBS Group increased their target price on shares of Agnico Eagle Mines from $125.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. Six research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $162.10.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.