Agnico Eagle Mines Limited (NYSE:AEM) is Palliser Capital UK Ltd’s 9th Largest Position

Palliser Capital UK Ltd raised its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.0% during the third quarter, Holdings Channel reports. The firm owned 55,666 shares of the mining company’s stock after buying an additional 2,166 shares during the quarter. Agnico Eagle Mines comprises 3.0% of Palliser Capital UK Ltd’s portfolio, making the stock its 9th largest holding. Palliser Capital UK Ltd’s holdings in Agnico Eagle Mines were worth $4,484,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its stake in Agnico Eagle Mines by 1,903.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,545 shares of the mining company’s stock worth $205,000 after acquiring an additional 2,418 shares in the last quarter. US Bancorp DE grew its holdings in shares of Agnico Eagle Mines by 43.3% in the third 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 in the last quarter. Oak Harvest Investment Services purchased a new stake in Agnico Eagle Mines during the 3rd quarter worth approximately $7,923,000. First Trust Direct Indexing L.P. lifted its holdings in Agnico Eagle Mines by 26.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,380 shares of the mining company’s stock worth $514,000 after buying an additional 1,337 shares in the last quarter. Finally, Golden State Equity Partners purchased a new position in Agnico Eagle Mines in the 3rd quarter valued at approximately $205,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. UBS Group began coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective on the stock. Scotiabank boosted their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. TD Securities raised their target price 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. Royal Bank of Canada boosted their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, CIBC increased their price objective on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines Trading Down 0.6 %

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

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, October 30th. The mining company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $1.83 billion. Agnico Eagle Mines had a net margin of 12.86% and a return on equity of 8.98%. On average, research analysts predict that Agnico Eagle Mines Limited will post 4.01 EPS for the current 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.