Franklin Resources Inc. Has $83.79 Million Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Franklin Resources Inc. decreased its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 63.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,527,995 shares of the mining company’s stock after selling 2,635,168 shares during the quarter. Franklin Resources Inc. owned 0.31% of Agnico Eagle Mines worth $83,794,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Natixis Advisors L.P. raised its position in shares of Agnico Eagle Mines by 1.3% in the third quarter. Natixis Advisors L.P. now owns 18,206 shares of the mining company’s stock valued at $827,000 after buying an additional 242 shares in the last quarter. PFG Investments LLC lifted its position in shares of Agnico Eagle Mines by 3.5% during the 3rd quarter. PFG Investments LLC now owns 8,977 shares of the mining company’s stock valued at $408,000 after acquiring an additional 302 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Agnico Eagle Mines by 2.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 16,031 shares of the mining company’s stock worth $879,000 after purchasing an additional 339 shares in the last quarter. Chilton Capital Management LLC increased its position in shares of Agnico Eagle Mines by 13.3% in the fourth quarter. Chilton Capital Management LLC now owns 3,191 shares of the mining company’s stock worth $175,000 after purchasing an additional 375 shares during the period. Finally, Violich Capital Management Inc. raised its stake in Agnico Eagle Mines by 2.0% in the fourth quarter. Violich Capital Management Inc. now owns 21,354 shares of the mining company’s stock valued at $1,171,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

AEM has been the topic of several recent analyst reports. National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a report on Monday, April 8th. Citigroup lifted their price objective on shares of Agnico Eagle Mines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Scotiabank upped their target price on Agnico Eagle Mines from $71.00 to $81.00 and gave the stock a “sector outperform” rating in a research note on Thursday. TD Securities lifted their price target on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Finally, BMO Capital Markets upped their price objective on Agnico Eagle Mines from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.22.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $68.00 on Friday. The stock’s 50-day moving average is $62.97 and its 200-day moving average is $55.09. Agnico Eagle Mines Limited has a 1-year low of $43.22 and a 1-year high of $71.50. The company has a current ratio of 2.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. The stock has a market cap of $33.96 billion, a P/E ratio of 70.86, a price-to-earnings-growth ratio of 0.71 and a beta of 1.04.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.60 by $0.16. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the company earned $0.57 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 3.17 earnings per share for the current year.

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.