400 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by FSC Wealth Advisors LLC

FSC Wealth Advisors LLC bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 400 shares of the mining company’s stock, valued at approximately $32,000.

A number of other institutional investors have also recently made changes to their positions in AEM. Financial Sense Advisors Inc. lifted its position 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 valued at $3,718,000 after purchasing an additional 49,132 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of Agnico Eagle Mines during the 2nd quarter valued at $2,595,000. Capital Wealth Planning LLC lifted its holdings in shares of Agnico Eagle Mines by 62.3% during 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 buying an additional 1,006,001 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Agnico Eagle Mines in the 1st quarter worth $1,388,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Agnico Eagle Mines in the first quarter worth $878,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 1.6 %

Shares of AEM stock opened at $87.99 on Wednesday. The stock has a fifty day simple moving average of $81.02 and a two-hundred day simple moving average of $72.67. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $88.22. The firm has a market capitalization of $44.02 billion, a PE ratio of 92.62, a PEG ratio of 0.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.51.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.14. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. On average, analysts predict that Agnico Eagle Mines Limited will post 3.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AEM. Scotiabank raised their target price on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. UBS Group initiated coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective on the stock. Royal Bank of Canada upped their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. CIBC increased their price target on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Finally, TD Securities boosted their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.78.

About 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.