Comerica Bank decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,563 shares of the mining company’s stock after selling 748 shares during the quarter. Comerica Bank’s holdings in Agnico Eagle Mines Limited were worth $1,174,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AEM. DekaBank Deutsche Girozentrale lifted its holdings in Agnico Eagle Mines Limited by 4.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,586 shares of the mining company’s stock valued at $281,000 after purchasing an additional 300 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Agnico Eagle Mines Limited by 70.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 36,037 shares of the mining company’s stock valued at $1,529,000 after purchasing an additional 14,927 shares during the last quarter. World Asset Management Inc lifted its holdings in Agnico Eagle Mines Limited by 1.8% during the 1st quarter. World Asset Management Inc now owns 13,952 shares of the mining company’s stock valued at $592,000 after purchasing an additional 247 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Agnico Eagle Mines Limited by 61.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 57,006 shares of the mining company’s stock valued at $2,419,000 after purchasing an additional 21,722 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Agnico Eagle Mines Limited by 2.6% during the 1st quarter. Baird Financial Group Inc. now owns 36,054 shares of the mining company’s stock valued at $1,530,000 after purchasing an additional 908 shares during the last quarter. 59.08% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the company. ValuEngine raised Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Credit Suisse Group set a $64.00 price target on Agnico Eagle Mines Limited and gave the company a “buy” rating in a report on Sunday, September 10th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Agnico Eagle Mines Limited in a report on Friday, September 8th. Royal Bank Of Canada set a $54.00 price target on Agnico Eagle Mines Limited and gave the company a “hold” rating in a report on Monday, June 12th. Finally, Zacks Investment Research raised Agnico Eagle Mines Limited from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $55.06.

Agnico Eagle Mines Limited (NYSE AEM) opened at 48.12 on Friday. The company has a market cap of $11.13 billion, a PE ratio of 44.23 and a beta of -0.71. Agnico Eagle Mines Limited has a 52-week low of $35.05 and a 52-week high of $57.35. The firm’s 50-day moving average price is $47.82 and its 200 day moving average price is $46.10.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, July 26th. The mining company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. Agnico Eagle Mines Limited had a return on equity of 5.38% and a net margin of 11.32%. The firm had revenue of $549.88 million for the quarter, compared to analysts’ expectations of $529.43 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts predict that Agnico Eagle Mines Limited will post $0.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. Agnico Eagle Mines Limited’s dividend payout ratio is presently 36.70%.

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About Agnico Eagle Mines Limited

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.

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

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