Stapp Wealth Management Pllc Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Stapp Wealth Management Pllc bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,720 shares of the mining company’s stock, valued at approximately $222,000. Agnico Eagle Mines comprises about 0.4% of Stapp Wealth Management Pllc’s holdings, making the stock its 20th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stephens Consulting LLC bought a new stake in shares of Agnico Eagle Mines in the first quarter worth $30,000. Bruce G. Allen Investments LLC bought a new stake in shares of Agnico Eagle Mines in the fourth quarter worth $33,000. CVA Family Office LLC bought a new stake in shares of Agnico Eagle Mines in the fourth quarter worth $36,000. Janiczek Wealth Management LLC grew its stake in shares of Agnico Eagle Mines by 406.4% in the first quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after purchasing an additional 569 shares during the last quarter. Finally, St. Johns Investment Management Company LLC bought a new stake in shares of Agnico Eagle Mines in the first quarter worth $54,000. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on AEM shares. StockNews.com raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. CIBC upped their price target on shares of Agnico Eagle Mines from $80.00 to $81.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Jefferies Financial Group upped their price target on shares of Agnico Eagle Mines from $58.00 to $59.00 and gave the company a “hold” rating in a research report on Thursday, June 20th. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Finally, Citigroup upped their price objective on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and a consensus target price of $72.22.

Agnico Eagle Mines Stock Up 3.8 %

Shares of AEM traded up $2.52 on Wednesday, reaching $68.19. The company’s stock had a trading volume of 1,200,427 shares, compared to its average volume of 2,944,661. The company has a current ratio of 2.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $34.11 billion, a PE ratio of 71.97, a PEG ratio of 0.72 and a beta of 1.06. Agnico Eagle Mines Limited has a twelve month low of $43.22 and a twelve month high of $71.50. The firm has a fifty day moving average of $66.42 and a 200-day moving average of $58.19.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.60 by $0.16. The firm 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 company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. Equities analysts predict that Agnico Eagle Mines Limited will post 3.16 EPS for the current year.

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.