Triasima Portfolio Management inc. Sells 12,160 Shares of Agnico Eagle Mines Limited $AEM

Triasima Portfolio Management inc. lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 36.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,195 shares of the mining company’s stock after selling 12,160 shares during the period. Triasima Portfolio Management inc.’s holdings in Agnico Eagle Mines were worth $3,599,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEM. Brighton Jones LLC grew its position in shares of Agnico Eagle Mines by 11.5% in the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after buying an additional 331 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Agnico Eagle Mines by 36.4% in the 1st quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company’s stock valued at $2,150,000 after buying an additional 5,293 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of Agnico Eagle Mines by 57.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,188 shares of the mining company’s stock valued at $379,000 after buying an additional 1,160 shares during the last quarter. Rhumbline Advisers grew its position in shares of Agnico Eagle Mines by 8.0% in the 2nd quarter. Rhumbline Advisers now owns 1,810 shares of the mining company’s stock valued at $215,000 after buying an additional 134 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Agnico Eagle Mines by 25.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 929 shares of the mining company’s stock valued at $110,000 after buying an additional 187 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AEM. Wall Street Zen lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Citigroup upped their price target on Agnico Eagle Mines from $198.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Raymond James Financial reiterated an “outperform” rating and issued a $225.00 price target on shares of Agnico Eagle Mines in a research report on Wednesday, January 14th. Zacks Research lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, JPMorgan Chase & Co. reduced their price target on Agnico Eagle Mines from $248.00 to $235.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $239.36.

Get Our Latest Research Report on AEM

Agnico Eagle Mines Stock Down 0.0%

Shares of NYSE:AEM opened at $183.51 on Monday. The company has a market capitalization of $91.86 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 4.12 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.33. The business’s 50-day moving average is $211.77 and its 200-day moving average is $192.04. Agnico Eagle Mines Limited has a 1 year low of $103.38 and a 1 year high of $255.24.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.69% and a net margin of 39.46%.The firm’s revenue was up 66.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.53 EPS. Equities research analysts predict that Agnico Eagle Mines Limited will post 12.91 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, June 1st. Agnico Eagle Mines’s payout ratio is currently 20.27%.

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About Agnico Eagle Mines

(Free Report)

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

Further Reading

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

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