CANADA LIFE ASSURANCE Co Sells 10,019 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

CANADA LIFE ASSURANCE Co trimmed its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 481,964 shares of the mining company’s stock after selling 10,019 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.10% of Agnico Eagle Mines worth $28,597,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. National Bank of Canada FI raised its holdings in Agnico Eagle Mines by 27.9% during the first quarter. National Bank of Canada FI now owns 4,007,554 shares of the mining company’s stock worth $239,051,000 after acquiring an additional 874,920 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in Agnico Eagle Mines by 89.2% during the first quarter. UniSuper Management Pty Ltd now owns 7,000 shares of the mining company’s stock worth $418,000 after acquiring an additional 3,300 shares in the last quarter. Clearbridge Investments LLC raised its stake in Agnico Eagle Mines by 5.6% in the first quarter. Clearbridge Investments LLC now owns 2,546,594 shares of the mining company’s stock valued at $151,904,000 after buying an additional 135,351 shares during the period. Hillsdale Investment Management Inc. raised its stake in Agnico Eagle Mines by 1,244.4% in the first quarter. Hillsdale Investment Management Inc. now owns 12,100 shares of the mining company’s stock valued at $720,000 after buying an additional 11,200 shares during the period. Finally, Acadian Asset Management LLC raised its stake in Agnico Eagle Mines by 12.5% in the first quarter. Acadian Asset Management LLC now owns 7,200 shares of the mining company’s stock valued at $429,000 after buying an additional 799 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on AEM shares. StockNews.com upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. TD Securities upped their price objective on Agnico Eagle Mines from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. CIBC upped their price objective on Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Jefferies Financial Group upped their target price on Agnico Eagle Mines from $59.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, July 12th. Finally, BMO Capital Markets decreased their target price on Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, June 20th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.22.

Agnico Eagle Mines Trading Down 2.1 %

Shares of AEM stock opened at $73.06 on Friday. The stock’s fifty day moving average price is $68.74 and its two-hundred day moving average price is $60.34. The company has a market cap of $36.54 billion, a PE ratio of 76.91, a P/E/G ratio of 0.78 and a beta of 1.06. Agnico Eagle Mines Limited has a fifty-two week low of $43.22 and a fifty-two week high of $77.04. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 2.21.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, April 25th. The mining company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.16. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.78 billion. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. Equities analysts predict that Agnico Eagle Mines Limited will post 3.42 EPS for the current fiscal year.

Agnico Eagle Mines Company Profile

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.