Murphy Pohlad Asset Management LLC Has $4.77 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Murphy Pohlad Asset Management LLC lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.8% during the third quarter, HoldingsChannel.com reports. The firm owned 59,232 shares of the mining company’s stock after selling 1,100 shares during the period. Agnico Eagle Mines accounts for 2.0% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 10th biggest position. Murphy Pohlad Asset Management LLC’s holdings in Agnico Eagle Mines were worth $4,772,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Continuum Advisory LLC grew its stake in Agnico Eagle Mines by 1,134.4% in the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock valued at $26,000 after purchasing an additional 363 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at approximately $32,000. FSC Wealth Advisors LLC bought a new position in shares of Agnico Eagle Mines in the third quarter valued at $32,000. McClarren Financial Advisors Inc. increased its holdings in Agnico Eagle Mines by 684.6% during the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after buying an additional 445 shares during the last quarter. Finally, WASHINGTON TRUST Co raised its position in Agnico Eagle Mines by 92.1% during the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 0.6 %

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 company 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 stock has a fifty day moving average of $82.30 and a 200-day moving average of $74.13. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.51.

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

Wall Street Analysts Forecast Growth

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