Chesapeake Capital Corp IL Invests $452,000 in Agnico Eagle Mines Limited (NYSE:AEM)

Chesapeake Capital Corp IL acquired a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,904 shares of the mining company’s stock, valued at approximately $452,000.

A number of other hedge funds also recently bought and sold shares of AEM. Van ECK Associates Corp lifted its stake in shares of Agnico Eagle Mines by 0.3% in the 2nd quarter. Van ECK Associates Corp now owns 22,320,085 shares of the mining company’s stock worth $1,459,741,000 after purchasing an additional 58,681 shares during the period. FIL Ltd raised its position in Agnico Eagle Mines by 16.4% in the fourth quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock worth $1,102,481,000 after acquiring an additional 2,831,794 shares during the period. Vanguard Group Inc. boosted its stake in shares of Agnico Eagle Mines by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 17,562,802 shares of the mining company’s stock worth $963,320,000 after acquiring an additional 338,264 shares during the last quarter. Capital World Investors grew its position in shares of Agnico Eagle Mines by 0.8% during the 1st quarter. Capital World Investors now owns 9,769,275 shares of the mining company’s stock valued at $582,529,000 after acquiring an additional 79,275 shares during the period. Finally, First Eagle Investment Management LLC grew its position in shares of 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 valued at $411,106,000 after acquiring an additional 672,503 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

AEM has been the topic of several analyst reports. StockNews.com upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Jefferies Financial Group increased their target price on shares of Agnico Eagle Mines from $59.00 to $66.00 and gave the stock a “hold” rating in a report on Friday, July 12th. BMO Capital Markets dropped their price target on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday, June 20th. TD Securities raised 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. Finally, Scotiabank upped their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.86.

Agnico Eagle Mines Trading Up 1.1 %

Shares of Agnico Eagle Mines stock opened at $77.77 on Tuesday. Agnico Eagle Mines Limited has a twelve month low of $43.22 and a twelve month high of $83.50. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $76.18 and a 200-day moving average price of $67.06. The firm has a market cap of $38.95 billion, a price-to-earnings ratio of 81.86, a PEG ratio of 0.75 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.14. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 3.65 EPS 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.