Robotti Robert Boosts Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Robotti Robert boosted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.4% during the first quarter, HoldingsChannel.com reports. The firm owned 8,500 shares of the mining company’s stock after acquiring an additional 587 shares during the period. Robotti Robert’s holdings in Agnico Eagle Mines were worth $507,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Stephens Consulting LLC purchased a new position in Agnico Eagle Mines during the first quarter worth approximately $30,000. CVA Family Office LLC purchased a new position in Agnico Eagle Mines during the fourth quarter worth approximately $36,000. Janiczek Wealth Management LLC raised its stake 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 valued at $42,000 after acquiring an additional 569 shares during the period. Scarborough Advisors LLC purchased a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $47,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Securities raised their target price on shares of Agnico Eagle Mines from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Citigroup raised their target price on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. BMO Capital Markets cut 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 research note on Thursday, June 20th. Finally, Scotiabank lifted their price target on shares of Agnico Eagle Mines from $71.00 to $81.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and an average price target of $76.88.

Agnico Eagle Mines Stock Up 1.6 %

AEM stock traded up $1.14 during mid-day trading on Monday, hitting $74.55. 1,304,888 shares of the company were exchanged, compared to its average volume of 2,822,208. The company has a market capitalization of $37.29 billion, a PE ratio of 78.47, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. The company has a current ratio of 2.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. Agnico Eagle Mines Limited has a twelve month low of $43.22 and a twelve month high of $77.04. The firm has a fifty day simple moving average of $68.88 and a 200 day simple moving average of $60.77.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.16. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the business earned $0.57 EPS. On average, research analysts forecast that Agnico Eagle Mines Limited will post 3.42 earnings per share for the current fiscal year.

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.