Agnico Eagle Mines Limited $AEM Shares Newly Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,026 shares of the mining company’s stock, valued at approximately $686,000.

Several other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC grew its position in Agnico Eagle Mines by 600.0% in the 3rd quarter. Fortitude Family Office LLC now owns 140 shares of the mining company’s stock worth $26,000 after purchasing an additional 120 shares in the last quarter. Markowski Investments bought a new position in Agnico Eagle Mines during the second quarter valued at $29,000. Sawyer & Company Inc bought a new position in Agnico Eagle Mines during the third quarter valued at $35,000. Dunhill Financial LLC purchased a new stake in Agnico Eagle Mines in the second quarter worth $31,000. Finally, Fiduciary Financial Advisors purchased a new stake in Agnico Eagle Mines in the second quarter worth $32,000. Institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays lowered their price target on shares of Agnico Eagle Mines from $218.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday, November 2nd. Zacks Research raised shares of Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Royal Bank Of Canada lifted 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 research note on Wednesday, September 16th. Canadian Imperial Bank of Commerce set a $239.00 target price on shares of Agnico Eagle Mines in a report on Friday, October 16th. Finally, Freedom Broker raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a report on Monday, November 2nd. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average target price of $227.00.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $190.57 on Wednesday. The stock’s 50-day simple moving average is $188.61 and its 200 day simple moving average is $188.82. The stock has a market capitalization of $96.41 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 3.06 and a beta of 0.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.90 and a current ratio of 2.75. Agnico Eagle Mines Limited has a 52-week low of $134.38 and a 52-week high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, October 28th. The mining company reported $2.62 EPS for the quarter, topping the consensus estimate of $2.47 by $0.15. The business had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.51 billion. Agnico Eagle Mines had a return on equity of 21.68% and a net margin of 41.01%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.10 EPS. Research analysts forecast that Agnico Eagle Mines Limited will post 11.41 EPS for the current fiscal year.

Agnico Eagle Mines 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.