Creative Planning Grows Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Creative Planning increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 28.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 37,876 shares of the mining company’s stock after buying an additional 8,456 shares during the period. Creative Planning’s holdings in Agnico Eagle Mines were worth $3,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEM. Sunbelt Securities Inc. purchased a new stake in Agnico Eagle Mines during the 1st quarter worth $66,000. Wealthcare Advisory Partners LLC purchased a new stake in Agnico Eagle Mines during the 1st quarter worth $426,000. Azzad Asset Management Inc. ADV increased its stake in Agnico Eagle Mines by 2.4% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 61,631 shares of the mining company’s stock worth $3,676,000 after buying an additional 1,416 shares during the period. Stapp Wealth Management Pllc purchased a new stake in Agnico Eagle Mines during the 1st quarter worth $222,000. Finally, Norden Group LLC increased its stake in Agnico Eagle Mines by 3,121.3% during the 1st quarter. Norden Group LLC now owns 141,417 shares of the mining company’s stock worth $8,435,000 after buying an additional 137,027 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AEM shares. CIBC lifted their price target on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. UBS Group initiated coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price for the company. TD Securities boosted their target price on shares of 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, Royal Bank of Canada boosted their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines Stock Down 1.2 %

NYSE:AEM opened at $86.88 on Friday. The firm has a market capitalization of $43.46 billion, a PE ratio of 91.45, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $81.78 and a 200-day moving average of $73.32.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data 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 firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The firm’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. Analysts predict that Agnico Eagle Mines Limited will post 3.88 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.