2,885 Shares in Agnico Eagle Mines Limited (NYSE:AEM) Purchased by Brighton Jones LLC

Brighton Jones LLC purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,885 shares of the mining company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Agnico Eagle Mines in the third quarter worth $121,820,000. FSC Wealth Advisors LLC bought a new stake in Agnico Eagle Mines during the third quarter worth about $32,000. Waldron Private Wealth LLC boosted its holdings in shares of Agnico Eagle Mines by 34.3% in the 3rd quarter. Waldron Private Wealth LLC now owns 6,139 shares of the mining company’s stock worth $495,000 after purchasing an additional 1,567 shares in the last quarter. Eastern Bank bought a new position in shares of Agnico Eagle Mines during the 3rd quarter valued at about $273,000. Finally, Signaturefd LLC lifted its position in Agnico Eagle Mines by 4.1% in the 3rd quarter. Signaturefd LLC now owns 9,227 shares of the mining company’s stock worth $743,000 after buying an additional 367 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AEM shares. Royal Bank of Canada boosted their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. CIBC raised their price objective on Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Scotiabank raised their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Finally, UBS Group began coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $86.88 on Friday. 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 firm’s fifty day simple moving average is $81.78 and its 200 day simple moving average is $73.32. The stock has a market cap of $43.46 billion, a P/E 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 twelve month low of $44.37 and a twelve month high of $89.00.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.14. The firm had revenue of $2.08 billion during 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%. The business’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, research analysts predict that Agnico Eagle Mines Limited will post 3.88 EPS for the current 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.