Candriam Luxembourg S.C.A. lowered its stake in shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 17.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,593 shares of the mining company’s stock after selling 1,192 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Agnico Eagle Mines were worth $357,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AEM. Red Door Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines during the first quarter valued at about $26,000. Asset Advisors Investment Management LLC acquired a new position in shares of Agnico Eagle Mines during the second quarter valued at about $38,000. Pacifica Partners Inc. raised its position in shares of Agnico Eagle Mines by 60.2% during the first quarter. Pacifica Partners Inc. now owns 1,025 shares of the mining company’s stock valued at $46,000 after buying an additional 385 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Agnico Eagle Mines by 141.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,709 shares of the mining company’s stock valued at $68,000 after buying an additional 1,000 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of Agnico Eagle Mines during the second quarter valued at about $73,000. 60.95% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently weighed in on AEM shares. Zacks Investment Research raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Thursday, April 23rd. Barclays upped their target price on shares of Agnico Eagle Mines from $68.00 to $71.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. BMO Capital Markets upped their target price on shares of Agnico Eagle Mines from $54.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. TheStreet raised shares of Agnico Eagle Mines from a “c+” rating to a “b-” rating in a research note on Thursday, May 14th. Finally, TD Securities upped their target price on shares of Agnico Eagle Mines from $77.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Agnico Eagle Mines has an average rating of “Buy” and an average target price of $74.92.

Shares of Agnico Eagle Mines stock opened at $79.49 on Friday. The company has a current ratio of 3.27, a quick ratio of 2.01 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $18.25 billion, a price-to-earnings ratio of 65.50, a P/E/G ratio of 42.08 and a beta of 0.70. Agnico Eagle Mines Ltd has a 1-year low of $31.00 and a 1-year high of $79.55. The firm’s 50-day moving average price is $64.38 and its two-hundred day moving average price is $57.43.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, July 29th. The mining company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. Agnico Eagle Mines had a net margin of 18.46% and a return on equity of 5.46%. The company had revenue of $557.18 million for the quarter, compared to analyst estimates of $545.82 million. During the same period in the prior year, the business earned $0.12 earnings per share. Agnico Eagle Mines’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts predict that Agnico Eagle Mines Ltd will post 1.79 EPS for the current year.

About Agnico Eagle Mines

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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