Agnico Eagle Mines Limited $AEM Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 39.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,105 shares of the mining company’s stock after purchasing an additional 2,863 shares during the period. Sequoia Financial Advisors LLC’s holdings in Agnico Eagle Mines were worth $1,703,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Agnico Eagle Mines in the second quarter worth about $938,644,000. Arrowstreet Capital Limited Partnership lifted its position in Agnico Eagle Mines by 38.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,296,796 shares of the mining company’s stock worth $987,398,000 after acquiring an additional 2,319,131 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Agnico Eagle Mines by 48.3% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,528,022 shares of the mining company’s stock worth $538,506,000 after acquiring an additional 1,474,385 shares in the last quarter. Invesco Ltd. grew its position in Agnico Eagle Mines by 53.1% in the second quarter. Invesco Ltd. now owns 4,164,046 shares of the mining company’s stock valued at $495,230,000 after acquiring an additional 1,444,746 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Agnico Eagle Mines during the second quarter valued at approximately $134,059,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 1.8%

Shares of Agnico Eagle Mines stock opened at $205.34 on Thursday. The company has a quick ratio of 1.31, a current ratio of 2.12 and a debt-to-equity ratio of 0.01. The firm has a market cap of $102.81 billion, a P/E ratio of 29.98, a P/E/G ratio of 0.61 and a beta of 0.63. Agnico Eagle Mines Limited has a fifty-two week low of $87.07 and a fifty-two week high of $213.80. The business has a 50-day moving average price of $176.24 and a 200 day moving average price of $157.69.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.40. Agnico Eagle Mines had a return on equity of 15.64% and a net margin of 32.62%.The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the business posted $1.14 EPS. On average, sell-side analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AEM has been the subject of several analyst reports. UBS Group upped their target price on shares of Agnico Eagle Mines from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, December 1st. Zacks Research raised shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Bank of America raised their target price on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Royal Bank Of Canada cut Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $185.00 to $205.00 in a research note on Wednesday, December 10th. Finally, TD Securities raised their price objective on Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $211.70.

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.