Stapp Wealth Management Pllc Invests $222,000 in Agnico Eagle Mines Limited (NYSE:AEM)

Stapp Wealth Management Pllc bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,720 shares of the mining company’s stock, valued at approximately $222,000. Agnico Eagle Mines comprises about 0.4% of Stapp Wealth Management Pllc’s investment portfolio, making the stock its 20th largest holding.

Several other large investors also recently bought and sold shares of AEM. Kestra Advisory Services LLC purchased a new stake in Agnico Eagle Mines during the 3rd quarter worth approximately $228,000. Acadian Asset Management LLC grew its position in Agnico Eagle Mines by 60.9% during the 3rd quarter. Acadian Asset Management LLC now owns 6,001 shares of the mining company’s stock worth $273,000 after purchasing an additional 2,271 shares during the last quarter. LPL Financial LLC grew its position in Agnico Eagle Mines by 4.9% during the 3rd quarter. LPL Financial LLC now owns 153,772 shares of the mining company’s stock worth $6,989,000 after purchasing an additional 7,134 shares during the last quarter. Mariner LLC lifted its stake in Agnico Eagle Mines by 16.6% during the 3rd quarter. Mariner LLC now owns 25,984 shares of the mining company’s stock valued at $1,181,000 after acquiring an additional 3,705 shares during the period. Finally, Natixis Advisors L.P. lifted its stake in Agnico Eagle Mines by 1.3% during the 3rd quarter. Natixis Advisors L.P. now owns 18,206 shares of the mining company’s stock valued at $827,000 after acquiring an additional 242 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on AEM shares. National Bank Financial restated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. BMO Capital Markets decreased their price objective on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, June 20th. CIBC lifted their price objective on shares of Agnico Eagle Mines from $80.00 to $81.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Scotiabank lifted their price objective on shares of Agnico Eagle Mines from $71.00 to $81.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 23rd. Finally, TD Securities lifted their price objective on shares of Agnico Eagle Mines from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average target price of $72.22.

Agnico Eagle Mines Price Performance

NYSE AEM traded up $2.52 on Wednesday, hitting $68.19. The company had a trading volume of 1,200,427 shares, compared to its average volume of 2,944,661. The company has a market capitalization of $34.11 billion, a PE ratio of 71.97, a PEG ratio of 0.72 and a beta of 1.06. The company’s fifty day moving average price is $66.42 and its 200-day moving average price is $58.19. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 0.88. Agnico Eagle Mines Limited has a 12-month low of $43.22 and a 12-month high of $71.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.60 by $0.16. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the firm earned $0.57 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. As a group, analysts predict that Agnico Eagle Mines Limited will post 3.16 earnings per share 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.