Rathbone Brothers plc Acquires 2,000 Shares of Agnico Eagle Mines Ltd (AEM)

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Rathbone Brothers plc lifted its holdings in shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 3.2% in the 3rd quarter, HoldingsChannel reports. The fund 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 SEC filing.

Several other large investors have also bought and sold shares of AEM. Northern Trust Corp lifted its position in shares of Agnico Eagle Mines by 1.0% in the first quarter. Northern Trust Corp now owns 204,793 shares of the mining company’s stock valued at $8,616,000 after acquiring an additional 2,041 shares in the last quarter. BlackRock Inc. lifted its position in shares of Agnico Eagle Mines by 1.1% in the first quarter. BlackRock Inc. now owns 146,755 shares of the mining company’s stock valued at $6,174,000 after acquiring an additional 1,629 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Agnico Eagle Mines by 13.1% in the first quarter. Dimensional Fund Advisors LP now owns 266,847 shares of the mining company’s stock valued at $11,226,000 after acquiring an additional 30,821 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Agnico Eagle Mines by 12.3% in the first quarter. Stifel Financial Corp now owns 124,212 shares of the mining company’s stock valued at $5,219,000 after acquiring an additional 13,652 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Agnico Eagle Mines by 71.5% in the first quarter. Allianz Asset Management GmbH now owns 21,547 shares of the mining company’s stock valued at $906,000 after acquiring an additional 8,981 shares in the last quarter. 60.07% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on AEM. Barclays began coverage on Agnico Eagle Mines in a research report on Wednesday. They issued an “overweight” rating and a $39.00 price objective on the stock. Zacks Investment Research downgraded Agnico Eagle Mines from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Royal Bank of Canada restated a “buy” rating and issued a $54.00 price objective on shares of Agnico Eagle Mines in a research report on Wednesday, September 19th. ValuEngine upgraded Agnico Eagle Mines from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, JPMorgan Chase & Co. reduced their price objective on Agnico Eagle Mines from $65.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, September 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $55.17.

NYSE AEM opened at $37.29 on Friday. Agnico Eagle Mines Ltd has a twelve month low of $32.18 and a twelve month high of $49.80. The stock has a market cap 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 (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, July 25th. The mining company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.07). Agnico Eagle Mines had a return on equity of 3.07% and a net margin of 6.84%. The business had revenue of $556.28 million for the quarter, compared to analysts’ expectations of $536.81 million. During the same quarter last year, the company posted $0.24 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Agnico Eagle Mines Ltd will post 0.29 EPS for the current year.

About Agnico Eagle Mines

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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