Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lessened its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,934 shares of the mining company’s stock after selling 283 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Agnico Eagle Mines were worth $559,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Continuum Advisory LLC boosted its stake in Agnico Eagle Mines by 1,134.4% in the 2nd quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock worth $26,000 after buying an additional 363 shares during the last quarter. FSC Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at about $32,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at about $32,000. McClarren Financial Advisors Inc. raised its holdings in shares of Agnico Eagle Mines by 684.6% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock valued at $41,000 after buying an additional 445 shares during the period. Finally, WASHINGTON TRUST Co increased its holdings in Agnico Eagle Mines by 92.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock worth $48,000 after purchasing an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group assumed coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective on the stock. TD Securities boosted 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. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Scotiabank boosted 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. Finally, CIBC boosted their price target 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Trading Down 0.1 %

Shares of AEM opened at $86.76 on Tuesday. The stock has a market cap of $43.40 billion, a PE ratio of 91.33, a PEG ratio of 0.71 and a beta of 1.10. Agnico Eagle Mines Limited has a 1 year low of $44.37 and a 1 year high of $89.00. The stock has a 50 day simple moving average of $81.90 and a 200-day simple moving average of $73.58. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06.

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

About Agnico Eagle Mines

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.