Agnico Eagle Mines Limited (NYSE:AEM) is Kercheville Advisors LLC’s 7th Largest Position

Kercheville Advisors LLC decreased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 113,180 shares of the mining company’s stock after selling 2,849 shares during the quarter. Agnico Eagle Mines makes up 3.8% of Kercheville Advisors LLC’s investment portfolio, making the stock its 7th largest position. Kercheville Advisors LLC’s holdings in Agnico Eagle Mines were worth $9,118,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new stake in Agnico Eagle Mines during the 1st quarter valued at $66,000. Wealthcare Advisory Partners LLC bought a new position in Agnico Eagle Mines in the 1st quarter worth about $426,000. Azzad Asset Management Inc. ADV grew its holdings in Agnico Eagle Mines by 2.4% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 61,631 shares of the mining company’s stock valued at $3,676,000 after buying an additional 1,416 shares in the last quarter. Stapp Wealth Management Pllc bought a new stake in shares of Agnico Eagle Mines during the first quarter valued at about $222,000. Finally, Norden Group LLC lifted its holdings in shares of Agnico Eagle Mines by 3,121.3% in the first quarter. Norden Group LLC now owns 141,417 shares of the mining company’s stock worth $8,435,000 after buying an additional 137,027 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AEM. TD Securities upped their target price on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Royal Bank of Canada lifted their price objective on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. CIBC upped their target price on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, UBS Group started coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price on the stock. One investment 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 stock currently has an average rating of “Moderate Buy” and an average target price of $86.78.

Agnico Eagle Mines Stock Down 1.2 %

Shares of NYSE:AEM opened at $86.88 on Monday. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $89.00. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average price is $81.78 and its 200-day moving average price is $73.41. The stock has a market capitalization of $43.46 billion, a P/E ratio of 91.45, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 earnings per share 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 firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business’s revenue was up 20.9% on a year-over-year basis. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post 3.88 earnings per share for the current year.

Agnico Eagle Mines Profile

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.