Ingalls & Snyder LLC Lowers Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Ingalls & Snyder LLC decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,321 shares of the mining company’s stock after selling 209 shares during the period. Ingalls & Snyder LLC’s holdings in Agnico Eagle Mines were worth $871,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Continuum Advisory LLC increased its holdings in shares of Agnico Eagle Mines by 1,134.4% in the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock valued at $26,000 after purchasing an additional 363 shares in the last quarter. Stephens Consulting LLC purchased a new stake in shares of Agnico Eagle Mines during the 1st quarter worth approximately $30,000. Janiczek Wealth Management LLC grew its holdings in shares of Agnico Eagle Mines by 406.4% in 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 period. Scarborough Advisors LLC purchased a new position in Agnico Eagle Mines in the 4th quarter valued at approximately $47,000. Finally, WASHINGTON TRUST Co raised its holdings in Agnico Eagle Mines by 92.1% during the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after purchasing an additional 350 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Down 0.3 %

Shares of Agnico Eagle Mines stock traded down $0.22 during trading hours on Friday, reaching $81.47. The stock had a trading volume of 1,309,792 shares, compared to its average volume of 2,753,245. 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 Limited has a 1 year low of $43.22 and a 1 year high of $83.50. The firm has a market capitalization of $40.76 billion, a price-to-earnings ratio of 85.76, a P/E/G ratio of 0.77 and a beta of 1.06. The firm has a 50 day simple moving average of $74.60 and a two-hundred day simple moving average of $65.47.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.93 by $0.14. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $0.65 earnings per share. Agnico Eagle Mines’s revenue for the quarter was up 20.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Agnico Eagle Mines Limited will post 3.52 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on AEM. BMO Capital Markets lowered their price target on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, June 20th. Scotiabank lifted their price objective 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. StockNews.com upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. TD Securities lifted their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group increased their price objective 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. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average target price of $82.86.

About Agnico Eagle Mines

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.