Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Howland Capital Management LLC

Howland Capital Management LLC lowered its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,047 shares of the mining company’s stock after selling 650 shares during the period. Howland Capital Management LLC’s holdings in Agnico Eagle Mines Limited were worth $3,837,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AEM. Van ECK Associates Corp raised its position in Agnico Eagle Mines Limited by 4.4% in the first quarter. Van ECK Associates Corp now owns 17,122,389 shares of the mining company’s stock worth $726,674,000 after buying an additional 717,045 shares in the last quarter. Vanguard Group Inc. raised its position in Agnico Eagle Mines Limited by 4.4% in the first quarter. Vanguard Group Inc. now owns 5,092,431 shares of the mining company’s stock worth $216,122,000 after buying an additional 215,145 shares in the last quarter. TD Asset Management Inc. raised its position in Agnico Eagle Mines Limited by 4.1% in the first quarter. TD Asset Management Inc. now owns 2,775,540 shares of the mining company’s stock worth $117,419,000 after buying an additional 108,199 shares in the last quarter. APG Asset Management N.V. raised its position in Agnico Eagle Mines Limited by 0.5% in the second quarter. APG Asset Management N.V. now owns 2,544,012 shares of the mining company’s stock worth $148,774,000 after buying an additional 11,959 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Agnico Eagle Mines Limited by 9.6% in the first quarter. JPMorgan Chase & Co. now owns 1,569,520 shares of the mining company’s stock worth $66,611,000 after buying an additional 137,442 shares in the last quarter. 60.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Agnico Eagle Mines Limited (AEM) traded down 0.96% during mid-day trading on Tuesday, hitting $44.55. 1,463,402 shares of the stock traded hands. The stock has a 50-day moving average of $45.61 and a 200-day moving average of $45.93. Agnico Eagle Mines Limited has a 52 week low of $35.05 and a 52 week high of $59.80. The company has a market cap of $10.30 billion, a price-to-earnings ratio of 40.95 and a beta of -0.67.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, July 26th. The mining company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. Agnico Eagle Mines Limited had a net margin of 11.32% and a return on equity of 5.38%. The company had revenue of $549.88 million during the quarter, compared to the consensus estimate of $529.43 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. Analysts anticipate that Agnico Eagle Mines Limited will post $0.78 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.90%. Agnico Eagle Mines Limited’s dividend payout ratio (DPR) is 36.70%.

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A number of brokerages have weighed in on AEM. Zacks Investment Research raised Agnico Eagle Mines Limited from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Thursday, May 11th. Royal Bank Of Canada reiterated a “hold” rating and set a $46.00 price target on shares of Agnico Eagle Mines Limited in a research report on Tuesday, April 18th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $61.00 price target on shares of Agnico Eagle Mines Limited in a research report on Thursday, June 15th. National Bank Financial upgraded shares of Agnico Eagle Mines Limited from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 24th. Finally, TD Securities reiterated a “hold” rating and set a $48.00 price target on shares of Agnico Eagle Mines Limited in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $54.81.

Agnico Eagle Mines Limited Company Profile

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

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

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