Cambiar Investors LLC Has $14.68 Million Position in Agnico Eagle Mines Limited (NYSE:AEM)

Cambiar Investors LLC lessened its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 182,188 shares of the mining company’s stock after selling 6,855 shares during the period. Cambiar Investors LLC’s holdings in Agnico Eagle Mines were worth $14,677,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AEM. Manning & Napier Advisors LLC acquired a new stake in Agnico Eagle Mines during the second quarter worth $2,595,000. Capital Wealth Planning LLC grew its holdings in shares of Agnico Eagle Mines by 62.3% in the 1st quarter. Capital Wealth Planning LLC now owns 2,620,345 shares of the mining company’s stock worth $156,304,000 after purchasing an additional 1,006,001 shares during the last quarter. Principal Financial Group Inc. bought a new position in Agnico Eagle Mines during the 1st quarter valued at about $1,388,000. GSA Capital Partners LLP acquired a new position in Agnico Eagle Mines in the first quarter valued at about $878,000. Finally, Tidal Investments LLC grew its stake in Agnico Eagle Mines by 87.8% during the first quarter. Tidal Investments LLC now owns 20,598 shares of the mining company’s stock worth $1,195,000 after buying an additional 9,628 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 0.6 %

Shares of NYSE AEM opened at $85.80 on Friday. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $89.00. The firm has a market capitalization of $43.05 billion, a P/E ratio of 42.90, a P/E/G ratio of 0.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.76. The company’s 50 day simple moving average is $82.30 and its 200 day simple moving average is $74.13.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, October 30th. The mining company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Agnico Eagle Mines had a return on equity of 8.98% and a net margin of 12.86%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $1.83 billion. On average, analysts predict that Agnico Eagle Mines Limited will post 4.01 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. TD Securities boosted their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Royal Bank of Canada raised their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Scotiabank upped their price target on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. UBS Group initiated coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 price objective for the company. Finally, CIBC upped their target price on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines 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.