Waldron Private Wealth LLC Has $495,000 Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Waldron Private Wealth LLC lifted its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 34.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,139 shares of the mining company’s stock after buying an additional 1,567 shares during the period. Waldron Private Wealth LLC’s holdings in Agnico Eagle Mines were worth $495,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AEM. Continuum Advisory LLC grew its position in Agnico Eagle Mines by 1,134.4% during the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock worth $26,000 after acquiring an additional 363 shares during the last quarter. Stephens Consulting LLC bought a new stake in Agnico Eagle Mines during the 1st quarter worth approximately $30,000. Abich Financial Wealth Management LLC bought a new stake in Agnico Eagle Mines during the 2nd quarter worth approximately $32,000. McClarren Financial Advisors Inc. grew its position in Agnico Eagle Mines by 684.6% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after acquiring an additional 445 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its position in Agnico Eagle Mines by 406.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after acquiring an additional 569 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AEM has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. TD Securities increased their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Scotiabank increased their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. UBS Group initiated coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective on the stock. Finally, StockNews.com upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines Stock Up 1.6 %

NYSE:AEM opened at $87.99 on Wednesday. The firm has a market capitalization of $44.02 billion, a P/E ratio of 92.62, a P/E/G ratio of 0.71 and a beta of 1.10. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $88.22. 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 stock’s fifty day simple moving average is $81.02 and its 200-day simple moving average is $72.67.

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 the consensus estimate of $0.93 by $0.14. The business had revenue of $2.08 billion for 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Equities research analysts expect that Agnico Eagle Mines Limited will post 3.88 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.