Stevens Capital Management LP Invests $231,000 in Agnico Eagle Mines Limited $AEM
Stevens Capital Management LP acquired a new stake in Agnico Eagle Mines Limited, purchasing 1,943 shares valued at $231,000. Other major investors, including Vanguard Group and TD Asset Management, also increased their holdings. Agnico Eagle Mines reported strong quarterly earnings, surpassing estimates with $2.16 EPS and $3.07 billion in revenue. Analysts have given the company a consensus 'Buy' rating, with target prices ranging from $160 to $231.
Stevens Capital Management LP acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,943 shares of the mining company's stock, valued at approximately $231,000.
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A number of other large investors also recently bought and sold shares of AEM. Vanguard Group Inc. boosted its position in Agnico Eagle Mines by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 20,417,906 shares of the mining company's stock valued at $2,432,603,000 after acquiring an additional 614,437 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Agnico Eagle Mines by 3.6% during the 2nd quarter. TD Asset Management Inc now owns 9,356,548 shares of the mining company's stock worth $1,112,500,000 after purchasing an additional 323,252 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Agnico Eagle Mines by 11.1% during the first 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 purchasing an additional 673,400 shares in the last quarter. Geode Capital Management LLC grew its stake in Agnico Eagle Mines by 21.1% in the second quarter. Geode Capital Management LLC now owns 4,136,535 shares of the mining company's stock valued at $501,717,000 after purchasing an additional 722,117 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Agnico Eagle Mines by 10.8% during the second quarter. Legal & General Group Plc now owns 3,140,771 shares of the mining company's stock valued at $373,460,000 after buying an additional 305,061 shares during the last quarter. Institutional investors own 68.34% of the company's stock.
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Agnico Eagle Mines Trading Up 0.8%
Agnico Eagle Mines stock opened at $159.82 on Friday. The stock has a 50-day moving average price of $164.52 and a 200 day moving average price of $139.52. The company has a market capitalization of $80.17 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 0.70 and a beta of 0.45. Agnico Eagle Mines Limited has a 52 week low of $76.91 and a 52 week high of $187.50. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03.
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Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.40. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.93 billion. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.97%. During the same quarter in the prior year, the company earned $1.14 EPS. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Agnico Eagle Mines from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Bank of America upped their target price on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a "buy" rating in a research report on Thursday, October 16th. Citigroup raised their price target on Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a "buy" rating in a report on Wednesday, October 15th. CIBC upped their price objective on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the company an "outperformer" rating in a report on Friday, October 10th. Finally, UBS Group increased their price objective on shares of Agnico Eagle Mines from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Thursday, October 16th. Five analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $184.50.
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Agnico Eagle Mines Profile
(Free Report)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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