SG Americas Securities LLC raised its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 20.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,928 shares of the mining company's stock after buying an additional 19,206 shares during the quarter. SG Americas Securities LLC's holdings in Agnico Eagle Mines were worth $8,936,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Financial Sense Advisors Inc. raised its stake in Agnico Eagle Mines by 372.3% during the first quarter. Financial Sense Advisors Inc. now owns 62,330 shares of the mining company's stock worth $3,718,000 after acquiring an additional 49,132 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at approximately $2,595,000. FIL Ltd increased its position in Agnico Eagle Mines by 16.4% during the 4th quarter. FIL Ltd now owns 20,107,126 shares of the mining company's stock worth $1,102,481,000 after purchasing an additional 2,831,794 shares in the last quarter. Capital Wealth Planning LLC lifted its stake in Agnico Eagle Mines by 62.3% in the 1st quarter. Capital Wealth Planning LLC now owns 2,620,345 shares of the mining company's stock valued at $156,304,000 after purchasing an additional 1,006,001 shares during the last quarter. Finally, Paragon Associates & Paragon Associates II Joint Venture boosted its position in Agnico Eagle Mines by 20.0% in the fourth quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 150,000 shares of the mining company's stock valued at $8,228,000 after buying an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.
NYSE:AEM opened at $78.82 on Friday. The company has a market capitalization of $39.43 billion, a PE ratio of 82.97, a P/E/G ratio of 0.78 and a beta of 1.10. Agnico Eagle Mines Limited has a fifty-two week low of $43.29 and a fifty-two week high of $85.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.51. The company has a 50 day simple moving average of $79.62 and a two-hundred day simple moving average of $70.71.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.14. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. Agnico Eagle Mines's quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. Research analysts anticipate that Agnico Eagle Mines Limited will post 3.73 earnings per share for the current year.
Several brokerages have recently issued reports on AEM. StockNews.com upgraded shares of Agnico Eagle Mines from a "hold" rating to a "buy" rating in a report on Thursday, June 27th. Scotiabank upped their target price on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. TD Securities lifted their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. UBS Group initiated coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price objective for the company. Finally, Jefferies Financial Group lifted their target price on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a "hold" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of "Moderate Buy" and an average target price of $86.78.
Read Our Latest Report on Agnico Eagle Mines
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.
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