PNC Financial Services Group Inc. lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,304 shares of the mining company’s stock after selling 162 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Agnico Eagle Mines Limited were worth $4,120,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Agnico Eagle Mines Limited by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 5,092,431 shares of the mining company’s stock worth $216,122,000 after buying an additional 215,145 shares during the period. TD Asset Management Inc. boosted its position in Agnico Eagle Mines Limited by 3.1% in the 2nd quarter. TD Asset Management Inc. now owns 2,861,685 shares of the mining company’s stock worth $128,860,000 after purchasing an additional 86,145 shares in the last quarter. APG Asset Management N.V. boosted its position in Agnico Eagle Mines Limited by 0.5% in the 2nd quarter. APG Asset Management N.V. now owns 2,544,012 shares of the mining company’s stock worth $148,774,000 after purchasing an additional 11,959 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Agnico Eagle Mines Limited by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,579,932 shares of the mining company’s stock worth $71,287,000 after purchasing an additional 10,412 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in Agnico Eagle Mines Limited by 8.3% in the 2nd quarter. Gabelli Funds LLC now owns 1,487,382 shares of the mining company’s stock worth $67,111,000 after purchasing an additional 114,500 shares in the last quarter. Institutional investors own 59.02% of the company’s stock.

Agnico Eagle Mines Limited (NYSE:AEM) opened at 45.36 on Thursday. The stock’s 50 day moving average price is $47.84 and its 200-day moving average price is $46.25. Agnico Eagle Mines Limited has a 12 month low of $35.05 and a 12 month high of $56.43. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 41.69 and a beta of -0.71.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, July 26th. The mining company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 analyst estimates of $529.43 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. Agnico Eagle Mines Limited’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that Agnico Eagle Mines Limited will post $0.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Wednesday, August 30th. Agnico Eagle Mines Limited’s dividend payout ratio is presently 36.70%.

AEM has been the topic of several recent research reports. ValuEngine upgraded Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank Of Canada set a $54.00 price objective on Agnico Eagle Mines Limited and gave the stock a “hold” rating in a research report on Monday, June 12th. Credit Suisse Group restated a “buy” rating and issued a $59.00 price objective (down previously from $64.00) on shares of Agnico Eagle Mines Limited in a research report on Monday. BMO Capital Markets set a $47.00 price objective on Agnico Eagle Mines Limited and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded Agnico Eagle Mines Limited from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $54.44.

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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.

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

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