Financial Sense Advisors Inc. Buys 49,132 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Financial Sense Advisors Inc. lifted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 372.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,330 shares of the mining company’s stock after purchasing an additional 49,132 shares during the quarter. Agnico Eagle Mines accounts for about 1.2% of Financial Sense Advisors Inc.’s portfolio, making the stock its 19th largest position. Financial Sense Advisors Inc.’s holdings in Agnico Eagle Mines were worth $3,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AEM. Stephens Consulting LLC bought a new stake in shares of Agnico Eagle Mines during the 1st quarter valued at approximately $30,000. Bruce G. Allen Investments LLC bought a new stake in Agnico Eagle Mines during the 4th quarter worth approximately $33,000. CVA Family Office LLC bought a new stake in Agnico Eagle Mines during the 4th quarter worth approximately $36,000. Janiczek Wealth Management LLC grew its holdings in Agnico Eagle Mines by 406.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after acquiring an additional 569 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new stake in Agnico Eagle Mines during the 4th quarter worth approximately $47,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $68.01 on Thursday. Agnico Eagle Mines Limited has a 1 year low of $43.22 and a 1 year high of $71.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 0.88. The firm has a market cap of $34.02 billion, a price-to-earnings ratio of 71.59, a PEG ratio of 0.73 and a beta of 1.06. The company has a fifty day moving average price of $66.51 and a 200-day moving average price of $58.26.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, April 25th. The mining company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.16. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The business’s revenue was up 21.2% compared to the same quarter last year. As a group, equities research analysts predict that Agnico Eagle Mines Limited will post 3.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AEM shares. StockNews.com raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $58.00 to $59.00 and gave the stock a “hold” rating in a report on Thursday, June 20th. Scotiabank boosted their target price on shares of Agnico Eagle Mines from $71.00 to $81.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 23rd. CIBC upped their price objective on shares of Agnico Eagle Mines from $80.00 to $81.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average target price of $72.22.

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.