Agnico Eagle Mines Limited $AEM Stock: Leuthold Group LLC Grows Holdings

Leuthold Group LLC grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 10.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,983 shares of the mining company’s stock after purchasing an additional 2,926 shares during the quarter. Leuthold Group LLC’s holdings in Agnico Eagle Mines were worth $5,862,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. M Holdings Securities Inc. acquired a new position in Agnico Eagle Mines during the third quarter worth $686,000. Brighton Jones LLC increased its stake in shares of Agnico Eagle Mines by 5.0% in the 3rd quarter. Brighton Jones LLC now owns 4,162 shares of the mining company’s stock worth $763,000 after acquiring an additional 199 shares during the last quarter. Cullinan Associates Inc. purchased a new position in shares of Agnico Eagle Mines during the 3rd quarter worth $220,000. J. Derek Lewis & Associates Inc. acquired a new position in shares of Agnico Eagle Mines during the 3rd quarter valued at about $348,000. Finally, Ethic Inc. boosted its position in shares of Agnico Eagle Mines by 108.4% during the 3rd quarter. Ethic Inc. now owns 5,529 shares of the mining company’s stock valued at $1,013,000 after acquiring an additional 2,876 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Price Performance

NYSE:AEM opened at $200.58 on Tuesday. Agnico Eagle Mines Limited has a 52 week low of $134.38 and a 52 week high of $255.24. The company has a quick ratio of 1.90, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $101.47 billion, a P/E ratio of 16.36, a P/E/G ratio of 2.79 and a beta of 0.69. The stock’s fifty day moving average is $188.86 and its two-hundred day moving average is $188.93.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Wednesday, October 28th. The mining company reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.15. The business had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Agnico Eagle Mines had a return on equity of 21.68% and a net margin of 41.01%. The company’s revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.10 EPS. Equities analysts expect that Agnico Eagle Mines Limited will post 11.42 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AEM shares. Royal Bank Of Canada upped their price objective on shares of Agnico Eagle Mines from $210.00 to $225.00 and gave the company a “sector perform” rating in a report on Wednesday, September 16th. Raymond James Financial reduced their target price on shares of Agnico Eagle Mines from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Friday, September 4th. Barclays decreased their target price on shares of Agnico Eagle Mines from $218.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, November 2nd. Zacks Research raised shares of Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Agnico Eagle Mines from $190.00 to $193.00 and gave the company a “neutral” rating in a research note on Friday, October 30th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $227.00.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company engaged in the exploration, development and production of gold, as well as related activities such as mineral processing and mine-site reclamation. The company’s principal product is gold, with silver and other byproducts also recovered from certain operations.

Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s largest gold producers. Its operating portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland.