Bradley Foster & Sargent Inc. CT Purchases 35,452 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Bradley Foster & Sargent Inc. CT increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,096,549 shares of the mining company’s stock after buying an additional 35,452 shares during the quarter. Agnico Eagle Mines accounts for about 1.3% of Bradley Foster & Sargent Inc. CT’s portfolio, making the stock its 20th biggest holding. Bradley Foster & Sargent Inc. CT’s holdings in Agnico Eagle Mines were worth $71,714,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Financial Sense Advisors Inc. grew its holdings in shares of Agnico Eagle Mines by 372.3% during the first quarter. Financial Sense Advisors Inc. now owns 62,330 shares of the mining company’s stock worth $3,718,000 after buying an additional 49,132 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $2,297,000. Manning & Napier Advisors LLC bought a new position in shares of Agnico Eagle Mines during the second quarter worth about $2,595,000. FIL Ltd grew its holdings in shares of Agnico Eagle Mines by 16.4% during the fourth quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock worth $1,102,481,000 after buying an additional 2,831,794 shares in the last quarter. Finally, Crestline Management LP grew its holdings in shares of Agnico Eagle Mines by 28.8% during the fourth quarter. Crestline Management LP now owns 180,891 shares of the mining company’s stock worth $9,922,000 after buying an additional 40,483 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $82.31 on Wednesday. The stock has a market cap of $41.18 billion, a P/E ratio of 86.64, a PEG ratio of 0.77 and a beta of 1.10. The stock has a 50 day simple moving average of $77.47 and a 200 day simple moving average of $68.20. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 1-year low of $43.22 and a 1-year high of $83.95.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly 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 business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. Research analysts anticipate that Agnico Eagle Mines Limited will post 3.65 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on AEM shares. BMO Capital Markets reduced their price target on 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. CIBC increased their price target on Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Jefferies Financial Group increased their price target on Agnico Eagle Mines from $59.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, July 12th. Scotiabank increased their price target on 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. Finally, StockNews.com raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.67.

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.