Pembroke Management LTD Increases Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Pembroke Management LTD lifted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 34.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,120 shares of the mining company’s stock after buying an additional 4,148 shares during the quarter. Pembroke Management LTD’s holdings in Agnico Eagle Mines were worth $1,299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEM. Lmcg Investments LLC boosted its holdings in Agnico Eagle Mines by 0.6% in the third quarter. Lmcg Investments LLC now owns 203,387 shares of the mining company’s stock worth $16,385,000 after acquiring an additional 1,138 shares in the last quarter. Palliser Capital UK Ltd raised its position in shares of Agnico Eagle Mines by 4.0% in the 3rd quarter. Palliser Capital UK Ltd now owns 55,666 shares of the mining company’s stock worth $4,484,000 after purchasing an additional 2,166 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Agnico Eagle Mines by 1,903.9% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,545 shares of the mining company’s stock worth $205,000 after purchasing an additional 2,418 shares in the last quarter. US Bancorp DE grew its position in Agnico Eagle Mines by 43.3% during the 3rd quarter. US Bancorp DE now owns 6,595 shares of the mining company’s stock valued at $531,000 after purchasing an additional 1,994 shares during the last quarter. Finally, Oak Harvest Investment Services purchased a new stake in Agnico Eagle Mines during the 3rd quarter valued at about $7,923,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Jefferies Financial Group lifted their target price on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. TD Securities upped their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Royal Bank of Canada increased their target price 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. UBS Group began coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target on the stock. Finally, Scotiabank lifted their price objective on 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 analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.78.

Agnico Eagle Mines Trading Down 0.6 %

Shares of NYSE:AEM opened at $85.80 on Friday. The stock’s 50-day simple moving average is $82.30 and its two-hundred day simple moving average is $74.13. The stock has a market capitalization of $43.05 billion, a price-to-earnings ratio of 42.90, a PEG ratio of 0.78 and a beta of 1.10. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $89.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.51.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted 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. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 8.98%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm posted $0.65 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year. Analysts expect that Agnico Eagle Mines Limited will post 4.01 EPS 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.