Waldron Private Wealth LLC Has $495,000 Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Waldron Private Wealth LLC boosted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 34.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,139 shares of the mining company’s stock after buying an additional 1,567 shares during the period. Waldron Private Wealth LLC’s holdings in Agnico Eagle Mines were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Eastern Bank acquired a new position in Agnico Eagle Mines during the third quarter valued at $273,000. Signaturefd LLC raised its position in Agnico Eagle Mines by 4.1% during the third quarter. Signaturefd LLC now owns 9,227 shares of the mining company’s stock valued at $743,000 after buying an additional 367 shares during the period. U S Global Investors Inc. raised its position in Agnico Eagle Mines by 22.2% during the third quarter. U S Global Investors Inc. now owns 27,500 shares of the mining company’s stock valued at $2,215,000 after buying an additional 5,000 shares during the period. Foundations Investment Advisors LLC acquired a new position in Agnico Eagle Mines during the third quarter valued at $209,000. Finally, Violich Capital Management Inc. raised its position in Agnico Eagle Mines by 5.8% during the third quarter. Violich Capital Management Inc. now owns 33,717 shares of the mining company’s stock valued at $2,716,000 after buying an additional 1,850 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Up 1.6 %

Agnico Eagle Mines stock opened at $87.99 on Wednesday. The business has a 50 day moving average price of $81.02 and a two-hundred day moving average price of $72.67. 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 stock has a market cap of $44.02 billion, a price-to-earnings ratio of 92.62, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $88.22.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.93 by $0.14. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. As a group, equities analysts forecast that Agnico Eagle Mines Limited will post 3.88 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on AEM shares. CIBC upped their price target on Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. UBS Group initiated coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price on the stock. TD Securities boosted their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Scotiabank boosted their target price on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group boosted their target price on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.78.

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.