PBU The Pension Fund of Early Childhood & Youth Educators Buys New Shares in Agnico Eagle Mines Limited $AEM

by · The Markets Daily

PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 28,885 shares of the mining company’s stock, valued at approximately $4,897,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Agnico Eagle Mines by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 20,979,666 shares of the mining company’s stock worth $3,557,772,000 after purchasing an additional 309,717 shares during the period. Capital World Investors grew its holdings in Agnico Eagle Mines by 20.0% during the third quarter. Capital World Investors now owns 20,765,804 shares of the mining company’s stock worth $3,497,470,000 after purchasing an additional 3,462,968 shares during the period. TD Asset Management Inc grew its holdings in Agnico Eagle Mines by 1.7% during the fourth quarter. TD Asset Management Inc now owns 9,665,456 shares of the mining company’s stock worth $1,641,239,000 after purchasing an additional 165,263 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Agnico Eagle Mines by 3.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 8,589,745 shares of the mining company’s stock worth $1,447,494,000 after purchasing an additional 292,949 shares during the period. Finally, Norges Bank bought a new position in Agnico Eagle Mines during the fourth quarter worth about $1,367,783,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines News Roundup

Here are the key news stories impacting Agnico Eagle Mines this week:

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $163.39 on Friday. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $81.77 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 3.60 and a beta of 0.56. The firm’s fifty day simple moving average is $193.89 and its two-hundred day simple moving average is $194.53. Agnico Eagle Mines Limited has a 12 month low of $114.60 and a 12 month high of $255.24.

Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last issued its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The business’s quarterly revenue was up 66.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.53 earnings per share. As a group, analysts predict that Agnico Eagle Mines Limited will post 13.18 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on AEM. Scotiabank reiterated an “outperform” rating and set a $280.00 price target on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. TD Securities lifted their price target on Agnico Eagle Mines from $241.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Barclays began coverage on Agnico Eagle Mines in a report on Thursday, May 21st. They set an “overweight” rating and a $213.00 price target for the company. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. Finally, Zacks Research cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus price target of $236.08.

Read Our Latest Stock Report on Agnico Eagle Mines

About Agnico Eagle Mines

(Free Report)

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

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