Scotia Capital Inc. cut its holdings in Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 4.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 69,040 shares of the mining company’s stock after selling 3,110 shares during the quarter. Scotia Capital Inc.’s holdings in Agnico Eagle Mines were worth $3,531,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Agnico Eagle Mines in the 1st quarter valued at approximately $43,947,000. Federated Investors Inc. PA raised its stake in shares of Agnico Eagle Mines by 112.2% during the 1st quarter. Federated Investors Inc. PA now owns 785,600 shares of the mining company’s stock worth $34,174,000 after purchasing an additional 415,380 shares in the last quarter. Findlay Park Partners LLP raised its stake in shares of Agnico Eagle Mines by 15.4% during the 2nd quarter. Findlay Park Partners LLP now owns 2,938,400 shares of the mining company’s stock worth $150,564,000 after purchasing an additional 392,910 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Agnico Eagle Mines by 22.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,055,700 shares of the mining company’s stock worth $105,334,000 after purchasing an additional 372,200 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Agnico Eagle Mines by 8.5% during the 2nd quarter. CIBC Asset Management Inc now owns 4,671,927 shares of the mining company’s stock worth $239,522,000 after purchasing an additional 367,372 shares in the last quarter. Institutional investors and hedge funds own 61.51% of the company’s stock.

Shares of AEM stock traded down $0.85 on Friday, hitting $55.74. 215,007 shares of the company’s stock were exchanged, compared to its average volume of 1,506,426. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.63. Agnico Eagle Mines Ltd has a 12 month low of $32.97 and a 12 month high of $64.88. The stock has a market cap of $13.54 billion, a P/E ratio of 145.36, a price-to-earnings-growth ratio of 71.01 and a beta of -0.49. The company has a 50 day moving average of $58.68 and a 200 day moving average of $48.34.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, July 24th. The mining company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.07. Agnico Eagle Mines had a positive return on equity of 1.92% and a negative net margin of 14.74%. The business had revenue of $526.60 million during the quarter, compared to the consensus estimate of $490.93 million. During the same period in the prior year, the company earned $0.01 EPS. Agnico Eagle Mines’s revenue for the quarter was down 5.3% on a year-over-year basis. Sell-side analysts predict that Agnico Eagle Mines Ltd will post 0.8 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.22 per share. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, August 29th.

A number of equities research analysts have recently issued reports on AEM shares. JPMorgan Chase & Co. upped their price objective on Agnico Eagle Mines from $68.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. CIBC reiterated a “buy” rating and set a $70.00 price objective on shares of Agnico Eagle Mines in a research note on Monday, July 29th. Raymond James upped their price objective on Agnico Eagle Mines from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Citigroup upped their price objective on Agnico Eagle Mines from $55.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, ValuEngine raised Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Monday, May 20th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Agnico Eagle Mines currently has an average rating of “Buy” and an average price target of $59.26.

Agnico Eagle Mines Company 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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