U S Global Investors Inc. Has $2.22 Million Position in Agnico Eagle Mines Limited (NYSE:AEM)

U S Global Investors Inc. increased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 22.2% in the 3rd quarter, Holdings Channel reports. The firm owned 27,500 shares of the mining company’s stock after buying an additional 5,000 shares during the quarter. U S Global Investors Inc.’s holdings in Agnico Eagle Mines were worth $2,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC lifted its position 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 worth $26,000 after purchasing an additional 363 shares during the period. Stephens Consulting LLC acquired a new stake in shares of Agnico Eagle Mines in the first quarter valued at $30,000. Abich Financial Wealth Management LLC acquired a new stake in Agnico Eagle Mines during the second quarter worth approximately $32,000. McClarren Financial Advisors Inc. grew its stake 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 purchasing an additional 445 shares during the period. Finally, Janiczek Wealth Management LLC boosted its holdings in Agnico Eagle Mines by 406.4% in the first quarter. Janiczek Wealth Management LLC now owns 709 shares of the mining company’s stock worth $42,000 after acquiring an additional 569 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Up 1.0 %

Shares of AEM traded up $0.88 during mid-day trading on Tuesday, reaching $87.51. The company had a trading volume of 330,287 shares, compared to its average volume of 2,649,083. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.51. The firm has a 50-day moving average price of $80.82 and a 200 day moving average price of $72.48. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $88.18. The company has a market capitalization of $43.78 billion, a price-to-earnings ratio of 91.19, a price-to-earnings-growth ratio of 0.71 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.14. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 EPS. On average, sell-side analysts forecast that Agnico Eagle Mines Limited will post 3.88 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on AEM shares. CIBC raised their target price on Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. UBS Group began coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective for the company. Jefferies Financial Group lifted their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. StockNews.com raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Finally, TD Securities lifted their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus target price of $86.78.

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.