Veracity Capital LLC Invests $231,000 in Agnico Eagle Mines Limited (NYSE:AEM)

Veracity Capital LLC acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,862 shares of the mining company’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Continuum Advisory LLC lifted its stake in Agnico Eagle Mines by 1,134.4% in the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock valued at $26,000 after buying an additional 363 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines during the 2nd quarter valued at $32,000. Stephens Consulting LLC acquired a new position in shares of Agnico Eagle Mines during the 1st quarter valued at $30,000. Janiczek Wealth Management LLC boosted its stake in Agnico Eagle Mines by 406.4% during the first quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after acquiring an additional 569 shares in the last quarter. Finally, WASHINGTON TRUST Co grew its holdings in Agnico Eagle Mines by 92.1% in the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after purchasing an additional 350 shares during the period. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Up 4.9 %

NYSE:AEM opened at $86.17 on Monday. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $86.64. The firm has a 50-day moving average price of $80.82 and a two-hundred day moving average price of $72.41. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.51. The firm has a market cap of $43.11 billion, a price-to-earnings ratio of 90.71, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.14. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. Agnico Eagle Mines’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. On average, equities analysts expect that Agnico Eagle Mines Limited will post 3.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AEM shares. StockNews.com upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Scotiabank upped their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. UBS Group started coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective for the company. TD Securities upped their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, CIBC increased their target price on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average target price of $86.78.

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.