Murphy Pohlad Asset Management LLC Sells 5,210 Shares of Agnico Eagle Mines Limited $AEM

Murphy Pohlad Asset Management LLC reduced its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 9.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,679 shares of the mining company’s stock after selling 5,210 shares during the quarter. Agnico Eagle Mines comprises 3.2% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 3rd biggest holding. Murphy Pohlad Asset Management LLC’s holdings in Agnico Eagle Mines were worth $8,422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Salvus Wealth Management LLC grew its position in Agnico Eagle Mines by 0.9% during the fourth quarter. Salvus Wealth Management LLC now owns 6,301 shares of the mining company’s stock worth $1,068,000 after buying an additional 57 shares during the period. Brookwood Investment Group LLC grew its position in Agnico Eagle Mines by 4.5% during the fourth quarter. Brookwood Investment Group LLC now owns 1,361 shares of the mining company’s stock worth $231,000 after buying an additional 58 shares during the period. Baron Wealth Management LLC grew its position in Agnico Eagle Mines by 3.2% during the fourth quarter. Baron Wealth Management LLC now owns 1,879 shares of the mining company’s stock worth $319,000 after buying an additional 59 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Agnico Eagle Mines by 1.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,266 shares of the mining company’s stock worth $893,000 after buying an additional 59 shares during the period. Finally, Baker Ellis Asset Management LLC grew its position in Agnico Eagle Mines by 0.8% during the fourth quarter. Baker Ellis Asset Management LLC now owns 7,550 shares of the mining company’s stock worth $1,280,000 after buying an additional 63 shares during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 0.1%

Shares of NYSE AEM opened at $175.79 on Tuesday. Agnico Eagle Mines Limited has a 12-month low of $114.60 and a 12-month high of $255.24. The company has a market capitalization of $87.98 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 3.84 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18. The firm’s 50-day moving average is $197.11 and its two-hundred day moving average is $194.08.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the prior year, the firm earned $1.53 earnings per share. The company’s revenue for the quarter was up 66.1% compared to the same quarter last year. Equities analysts anticipate that Agnico Eagle Mines Limited will post 13.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. TD upped their target price on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Barclays assumed coverage on shares of Agnico Eagle Mines in a research report on Thursday. They set an “overweight” rating and a $213.00 target price on the stock. Canadian Imperial Bank of Commerce lowered their target price on shares of Agnico Eagle Mines from $312.00 to $304.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Scotiabank reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. Finally, Weiss Ratings downgraded shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average target price of $236.08.

Agnico Eagle Mines Profile

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.