Rathbone Brothers plc lifted its holdings in shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,620 shares of the mining company’s stock after purchasing an additional 2,000 shares during the period. Rathbone Brothers plc’s holdings in Agnico Eagle Mines were worth $2,172,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AEM. Toronto Dominion Bank lifted its holdings in shares of Agnico Eagle Mines by 144.3% during the second quarter. Toronto Dominion Bank now owns 1,641,990 shares of the mining company’s stock worth $75,883,000 after purchasing an additional 969,997 shares during the period. Addenda Capital Inc. lifted its holdings in shares of Agnico Eagle Mines by 88.5% during the second quarter. Addenda Capital Inc. now owns 908,104 shares of the mining company’s stock worth $39,786,000 after purchasing an additional 426,247 shares during the period. Millennium Management LLC lifted its holdings in shares of Agnico Eagle Mines by 48.4% during the first quarter. Millennium Management LLC now owns 1,059,050 shares of the mining company’s stock worth $44,554,000 after purchasing an additional 345,216 shares during the period. Unigestion Holding SA acquired a new position in shares of Agnico Eagle Mines during the second quarter worth $15,802,000. Finally, CIBC Asset Management Inc lifted its holdings in shares of Agnico Eagle Mines by 19.2% during the second quarter. CIBC Asset Management Inc now owns 1,843,348 shares of the mining company’s stock worth $84,524,000 after purchasing an additional 296,758 shares during the period. Institutional investors own 60.07% of the company’s stock.

A number of brokerages have recently commented on AEM. Zacks Investment Research upgraded shares of Agnico Eagle Mines from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. ValuEngine upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Barclays initiated coverage on shares of Agnico Eagle Mines in a report on Wednesday. They issued an “overweight” rating and a $39.00 target price on the stock. Royal Bank of Canada upgraded shares of Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $49.00 to $55.00 in a report on Monday, July 30th. Finally, National Bank Financial upgraded shares of Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $55.17.

AEM stock opened at $37.29 on Friday. The firm has a market capitalization of $8.01 billion, a P/E ratio of 32.86 and a beta of -0.53. The company has a current ratio of 4.02, a quick ratio of 2.83 and a debt-to-equity ratio of 0.35. Agnico Eagle Mines Ltd has a 12-month low of $32.18 and a 12-month high of $49.80.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, July 25th. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.07). The firm had revenue of $556.28 million during the quarter, compared to analyst estimates of $536.81 million. Agnico Eagle Mines had a net margin of 6.84% and a return on equity of 3.07%. Agnico Eagle Mines’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 EPS. Equities analysts anticipate that Agnico Eagle Mines Ltd will post 0.29 earnings per share for the current fiscal year.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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