Raymond James Trust N.A. Acquires 260 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Raymond James Trust N.A. increased its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.1% in the second quarter, HoldingsChannel.com reports. The fund owned 5,376 shares of the mining company’s stock after acquiring an additional 260 shares during the period. Raymond James Trust N.A.’s holdings in Agnico Eagle Mines were worth $352,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AEM. Continuum Advisory LLC boosted its stake in shares of Agnico Eagle Mines by 1,134.4% during 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 Agnico Eagle Mines in the first quarter worth about $30,000. Janiczek Wealth Management LLC boosted its position in Agnico Eagle Mines by 406.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock valued at $42,000 after acquiring an additional 569 shares in the last quarter. WASHINGTON TRUST Co grew its holdings in shares of Agnico Eagle Mines by 92.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after acquiring an additional 350 shares during the period. Finally, ORG Partners LLC bought a new position in shares of Agnico Eagle Mines in the 2nd quarter worth approximately $52,000. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AEM. CIBC lifted 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. BMO Capital Markets dropped their target price on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, June 20th. TD Securities increased their price target on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Jefferies Financial Group lifted their price target on shares of Agnico Eagle Mines from $59.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, July 12th. Finally, Scotiabank upped their price objective 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 research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $82.86.

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $82.27 on Wednesday. The company has a market capitalization of $41.16 billion, a PE ratio of 86.60, a PEG ratio of 0.77 and a beta of 1.06. The business has a fifty day moving average price of $73.62 and a 200-day moving average price of $65.00. Agnico Eagle Mines Limited has a 1-year low of $43.22 and a 1-year high of $83.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.88.

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 for the quarter, beating analysts’ consensus estimates of $0.93 by $0.14. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.03 billion. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. Agnico Eagle Mines’s revenue was up 20.9% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. As a group, equities analysts expect that Agnico Eagle Mines Limited will post 3.52 EPS for the current fiscal 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.