Triasima Portfolio Management inc. Has $4.23 Million Stock Holdings in Agnico Eagle Mines Limited $AEM

Triasima Portfolio Management inc. trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 31.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,535 shares of the mining company’s stock after selling 16,065 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Agnico Eagle Mines were worth $4,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Agnico Eagle Mines by 1.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company’s stock valued at $618,000 after purchasing an additional 85 shares during the period. Hexagon Capital Partners LLC lifted its stake in shares of Agnico Eagle Mines by 31.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company’s stock valued at $40,000 after purchasing an additional 87 shares during the period. Continuum Advisory LLC lifted its stake in shares of Agnico Eagle Mines by 47.0% in the 1st quarter. Continuum Advisory LLC now owns 397 shares of the mining company’s stock valued at $43,000 after purchasing an additional 127 shares during the period. Sapient Capital LLC lifted its stake in shares of Agnico Eagle Mines by 1.2% in the 1st quarter. Sapient Capital LLC now owns 10,984 shares of the mining company’s stock valued at $1,191,000 after purchasing an additional 128 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Agnico Eagle Mines by 2.0% in the 1st quarter. US Bancorp DE now owns 6,908 shares of the mining company’s stock valued at $749,000 after purchasing an additional 138 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $166.32 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 2.03. The stock has a 50 day moving average price of $147.11 and a two-hundred day moving average price of $127.11. The firm has a market capitalization of $83.63 billion, a P/E ratio of 28.29, a P/E/G ratio of 1.14 and a beta of 0.46. Agnico Eagle Mines Limited has a 52 week low of $75.17 and a 52 week high of $172.21.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.46 billion. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The company’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 EPS. Equities analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AEM shares. Weiss Ratings reissued a “buy (a)” rating on shares of Agnico Eagle Mines in a research note on Saturday, September 27th. Raymond James Financial raised Agnico Eagle Mines to a “moderate buy” rating and set a $130.00 price target on the stock in a research note on Monday, June 30th. Lake Street Capital reaffirmed a “buy” rating on shares of Agnico Eagle Mines in a research note on Monday, June 23rd. Bank of America upped their price target on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Finally, TD Securities raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Thursday, July 17th. Seven equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $141.40.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.