Klein Pavlis & Peasley Financial Inc. Has $5.90 Million Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Klein Pavlis & Peasley Financial Inc. lowered its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 10.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,226 shares of the mining company’s stock after selling 8,505 shares during the period. Agnico Eagle Mines makes up about 4.7% of Klein Pavlis & Peasley Financial Inc.’s holdings, making the stock its biggest position. Klein Pavlis & Peasley Financial Inc.’s holdings in Agnico Eagle Mines were worth $5,899,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. TD Asset Management Inc grew its holdings in Agnico Eagle Mines by 24.1% during the 1st quarter. TD Asset Management Inc now owns 5,306,106 shares of the mining company’s stock valued at $316,700,000 after buying an additional 1,031,142 shares in the last quarter. Capital Wealth Planning LLC grew its stake in Agnico Eagle Mines by 62.3% during the first quarter. Capital Wealth Planning LLC now owns 2,620,345 shares of the mining company’s stock valued at $156,304,000 after acquiring an additional 1,006,001 shares in the last quarter. National Bank of Canada FI grew its stake in Agnico Eagle Mines by 27.9% during the first quarter. National Bank of Canada FI now owns 4,007,554 shares of the mining company’s stock valued at $239,051,000 after acquiring an additional 874,920 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Agnico Eagle Mines by 10.8% during the 1st quarter. First Eagle Investment Management LLC now owns 6,891,385 shares of the mining company’s stock worth $411,106,000 after acquiring an additional 672,503 shares during the period. Finally, Progeny 3 Inc. purchased a new stake in Agnico Eagle Mines in the 2nd quarter worth approximately $18,151,000. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Down 1.2 %

Shares of NYSE AEM opened at $86.88 on Monday. The stock has a market capitalization of $43.46 billion, a P/E ratio of 91.45, a PEG ratio of 0.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.76. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $89.00. The firm’s 50 day simple moving average is $81.78 and its two-hundred day simple moving average is $73.41.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AEM. Jefferies Financial Group upped their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. TD Securities raised their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. UBS Group assumed coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective for the company. Royal Bank of Canada raised their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Scotiabank lifted their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.