Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. lessened its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 14.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,731 shares of the mining company’s stock after selling 13,740 shares during the period. Agnico Eagle Mines accounts for 4.7% of Klein Pavlis & Peasley Financial Inc.’s holdings, making the stock its biggest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Agnico Eagle Mines were worth $5,345,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AEM. Continuum Advisory LLC boosted its holdings in Agnico Eagle Mines by 1,134.4% in the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock valued at $26,000 after acquiring an additional 363 shares during the last quarter. Stephens Consulting LLC acquired a new stake in shares of Agnico Eagle Mines during the first quarter worth $30,000. Janiczek Wealth Management LLC raised its stake in Agnico Eagle Mines by 406.4% during the first quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after buying an additional 569 shares during the last quarter. Scarborough Advisors LLC bought a new position in Agnico Eagle Mines during the fourth quarter worth $47,000. Finally, WASHINGTON TRUST Co lifted its holdings in Agnico Eagle Mines by 92.1% in the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock valued at $48,000 after buying an additional 350 shares during the period. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AEM shares. Scotiabank lifted their price objective on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. BMO Capital Markets reduced their target price on Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, June 20th. CIBC upped their price target 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 raised their price objective on Agnico Eagle Mines from $59.00 to $66.00 and gave the company a “hold” rating in a research note on Friday, July 12th. Finally, StockNews.com raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.86.

Agnico Eagle Mines Stock Performance

Shares of AEM stock traded down $0.05 on Tuesday, hitting $82.27. 1,189,198 shares of the stock were exchanged, compared to its average volume of 2,767,207. The firm’s 50 day moving average is $73.62 and its two-hundred day moving average is $65.00. Agnico Eagle Mines Limited has a one year low of $43.22 and a one year high of $83.50. The firm has a market capitalization of $41.16 billion, a PE ratio of 86.60, a P/E/G ratio of 0.77 and a beta of 1.06. The company has a current ratio of 1.51, a quick ratio of 0.88 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.14. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The company’s revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. Sell-side analysts expect that Agnico Eagle Mines Limited will post 3.52 earnings per share for the current fiscal year.

Agnico Eagle Mines Company 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.