Natixis Advisors LLC Boosts Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Natixis Advisors LLC raised its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 27.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,522 shares of the mining company’s stock after buying an additional 16,975 shares during the quarter. Natixis Advisors LLC’s holdings in Agnico Eagle Mines were worth $5,201,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in shares of Agnico Eagle Mines by 273.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,912 shares of the mining company’s stock worth $319,000 after purchasing an additional 3,595 shares during the last quarter. Spire Wealth Management raised its holdings in Agnico Eagle Mines by 4.7% in the second quarter. Spire Wealth Management now owns 10,385 shares of the mining company’s stock worth $679,000 after buying an additional 469 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Agnico Eagle Mines by 0.3% in the second quarter. Van ECK Associates Corp now owns 22,320,085 shares of the mining company’s stock worth $1,459,741,000 after buying an additional 58,681 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Agnico Eagle Mines by 20.3% during the second quarter. Commonwealth Equity Services LLC now owns 101,225 shares of the mining company’s stock valued at $6,620,000 after buying an additional 17,113 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Agnico Eagle Mines during the second quarter valued at approximately $385,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM opened at $76.89 on Friday. Agnico Eagle Mines Limited has a 12-month low of $43.22 and a 12-month high of $83.50. The firm has a market capitalization of $38.47 billion, a price-to-earnings ratio of 80.94, a price-to-earnings-growth ratio of 0.79 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $75.93 and a 200 day moving average of $66.72.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. On average, research analysts anticipate that Agnico Eagle Mines Limited will post 3.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AEM shares. BMO Capital Markets lowered their price objective on 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. StockNews.com upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Jefferies Financial Group upped their target price on shares of Agnico Eagle Mines from $59.00 to $66.00 and gave the company a “hold” rating in a research note on Friday, July 12th. Scotiabank lifted their price target on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Finally, TD Securities boosted their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.86.

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.