Highstreet Asset Management Inc. lessened its position in shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 11.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,789 shares of the mining company’s stock after selling 15,423 shares during the quarter. Highstreet Asset Management Inc.’s holdings in Agnico Eagle Mines were worth $5,446,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AEM. Quadrant Capital Group LLC grew its stake in Agnico Eagle Mines by 995.7% during the 1st quarter. Quadrant Capital Group LLC now owns 2,564 shares of the mining company’s stock worth $106,000 after buying an additional 2,330 shares during the last quarter. Sei Investments Co. grew its stake in Agnico Eagle Mines by 160.2% during the 2nd quarter. Sei Investments Co. now owns 3,562 shares of the mining company’s stock worth $163,000 after buying an additional 2,193 shares during the last quarter. US Bancorp DE grew its stake in Agnico Eagle Mines by 54.5% during the 2nd quarter. US Bancorp DE now owns 3,750 shares of the mining company’s stock worth $171,000 after buying an additional 1,323 shares during the last quarter. Pendal Group Ltd grew its stake in Agnico Eagle Mines by 97.1% during the 2nd quarter. Pendal Group Ltd now owns 3,939 shares of the mining company’s stock worth $181,000 after buying an additional 1,941 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in Agnico Eagle Mines during the 2nd quarter worth approximately $206,000. Hedge funds and other institutional investors own 60.25% of the company’s stock.

AEM opened at $34.95 on Friday. The company has a quick ratio of 2.83, a current ratio of 4.02 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $8.43 billion, a PE ratio of 31.49 and a beta of -0.53. Agnico Eagle Mines Ltd has a 12 month low of $34.49 and a 12 month high of $51.86.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Wednesday, July 25th. The mining company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). The business had revenue of $556.28 million during the quarter, compared to analyst estimates of $536.81 million. Agnico Eagle Mines had a net margin of 6.84% and a return on equity of 3.07%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 earnings per share. research analysts forecast that Agnico Eagle Mines Ltd will post 0.32 EPS for the current fiscal year.

A number of research analysts recently issued reports on AEM shares. TD Securities raised their price target on Agnico Eagle Mines from $55.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. ValuEngine raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Zacks Investment Research raised Agnico Eagle Mines from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Citigroup decreased their price objective on Agnico Eagle Mines from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, National Bank Financial raised Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a research report on Thursday, August 9th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Agnico Eagle Mines currently has an average rating of “Buy” and an average target price of $57.40.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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

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