Legal & General Group Plc decreased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,035,408 shares of the mining company’s stock after selling 113,975 shares during the period. Legal & General Group Plc owned about 0.45% of Agnico Eagle Mines Limited worth $44,816,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Karp Capital Management Corp bought a new position in Agnico Eagle Mines Limited during the first quarter worth about $10,450,000. BARING ASSET MANAGEMENT Ltd increased its position in Agnico Eagle Mines Limited by 3.0% in the first quarter. BARING ASSET MANAGEMENT Ltd now owns 189,437 shares of the mining company’s stock worth $8,017,000 after buying an additional 5,604 shares during the period. World Asset Management Inc increased its position in Agnico Eagle Mines Limited by 1.8% in the first quarter. World Asset Management Inc now owns 13,952 shares of the mining company’s stock worth $592,000 after buying an additional 247 shares during the period. Boulegeris Investments Inc. bought a new position in Agnico Eagle Mines Limited during the first quarter worth about $217,000. Finally, BNP Paribas Arbitrage SA increased its position in Agnico Eagle Mines Limited by 70.7% in the first quarter. BNP Paribas Arbitrage SA now owns 36,037 shares of the mining company’s stock worth $1,529,000 after buying an additional 14,927 shares during the period. Institutional investors and hedge funds own 59.08% of the company’s stock.

Shares of Agnico Eagle Mines Limited (NYSE:AEM) opened at 49.60 on Tuesday. The firm’s 50-day moving average is $45.81 and its 200-day moving average is $45.86. The company has a market cap of $11.47 billion, a PE ratio of 45.59 and a beta of -0.67. Agnico Eagle Mines Limited has a one year low of $35.05 and a one year high of $57.35.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, July 26th. The mining company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The business had revenue of $549.88 million for the quarter, compared to the consensus estimate of $529.43 million. Agnico Eagle Mines Limited had a net margin of 11.32% and a return on equity of 5.38%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. On average, equities analysts anticipate that Agnico Eagle Mines Limited will post $0.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, August 30th. Agnico Eagle Mines Limited’s payout ratio is 36.70%.

WARNING: This story was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/08/29/legal-general-group-plc-has-44-82-million-position-in-agnico-eagle-mines-limited-aem.html.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Agnico Eagle Mines Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. ValuEngine upgraded Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada set a $54.00 price target on Agnico Eagle Mines Limited and gave the company a “hold” rating in a research note on Monday, June 12th. Scotiabank lifted their price target on Agnico Eagle Mines Limited from $58.00 to $58.50 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, Raymond James Financial, Inc. restated an “outperform” rating and issued a $61.00 target price on shares of Agnico Eagle Mines Limited in a research note on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Agnico Eagle Mines Limited has a consensus rating of “Buy” and an average target price of $54.94.

Agnico Eagle Mines Limited Company Profile

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

Want to see what other hedge funds are holding AEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM).

Institutional Ownership by Quarter for Agnico Eagle Mines Limited (NYSE:AEM)

Receive News & Stock Ratings for Agnico Eagle Mines Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines Limited and related stocks with our FREE daily email newsletter.