Galibier Capital Management Ltd. Has $29.22 Million Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Galibier Capital Management Ltd. boosted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 489,610 shares of the mining company’s stock after acquiring an additional 26,524 shares during the quarter. Agnico Eagle Mines accounts for about 7.0% of Galibier Capital Management Ltd.’s portfolio, making the stock its 4th largest position. Galibier Capital Management Ltd.’s holdings in Agnico Eagle Mines were worth $29,223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in shares of Agnico Eagle Mines by 15.5% in the fourth quarter. Raymond James & Associates now owns 364,440 shares of the mining company’s stock worth $19,990,000 after acquiring an additional 48,782 shares during the period. Beck Bode LLC acquired a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $1,318,000. Wellington Management Group LLP raised its stake in Agnico Eagle Mines by 5.7% during the third quarter. Wellington Management Group LLP now owns 632,403 shares of the mining company’s stock worth $28,752,000 after buying an additional 34,072 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Agnico Eagle Mines in the fourth quarter valued at $2,297,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in Agnico Eagle Mines in the fourth quarter valued at $41,610,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AEM shares. StockNews.com raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday. Scotiabank boosted their price target on Agnico Eagle Mines from $71.00 to $81.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 23rd. BMO Capital Markets cut their price target on Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, June 20th. CIBC lifted their price objective on shares of Agnico Eagle Mines from $80.00 to $81.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group increased their target price on shares of Agnico Eagle Mines from $58.00 to $59.00 and gave the stock a “hold” rating in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.22.

Agnico Eagle Mines Stock Down 1.5 %

AEM traded down $0.98 during trading on Friday, hitting $65.40. 1,645,484 shares of the company’s stock were exchanged, compared to its average volume of 2,293,912. Agnico Eagle Mines Limited has a fifty-two week low of $43.22 and a fifty-two week high of $71.50. The stock has a market cap of $32.72 billion, a P/E ratio of 68.84, a PEG ratio of 0.74 and a beta of 1.11. The business’s 50 day moving average is $66.31 and its two-hundred day moving average is $57.95. The company has a quick ratio of 0.88, a current ratio of 2.21 and a debt-to-equity ratio of 0.09.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, April 25th. The mining company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.16. The company had revenue of $1.83 billion for 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 was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. As a group, equities analysts expect that Agnico Eagle Mines Limited will post 3.16 earnings per share 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.