P.r. Herzig buys $1,476,375 stake in Agnico Eagle Mines Ltd (USA) (AEM)

Agnico Eagle Mines Ltd (USA) (AEM) : P.r. Herzig scooped up 1,001 additional shares in Agnico Eagle Mines Ltd (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 35,713 shares of Agnico Eagle Mines Ltd (USA) which is valued at $1,476,375.Agnico Eagle Mines Ltd (USA) makes up approximately 3.15% of P.r. Herzig’s portfolio.

Agnico Eagle Mines Ltd (USA) closed down -0.49 points or -1.17% at $41.34 with 26,08,590 shares getting traded on Friday. Post opening the session at $41.56, the shares hit an intraday low of $40.75 and an intraday high of $42.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Falcon Point Capital reduced its stake in AEM by selling 2,924 shares or 23.09% in the most recent quarter. The Hedge Fund company now holds 9,741 shares of AEM which is valued at $393,731. Agnico Eagle Mines Ltd (USA) makes up approx 0.07% of Falcon Point Capital’s portfolio. Acadian Asset Management added AEM to its portfolio by purchasing 2,400 company shares during the most recent quarter which is valued at $97,008. Hexavest added AEM to its portfolio by purchasing 10,001 company shares during the most recent quarter which is valued at $404,240. Agnico Eagle Mines Ltd (USA) makes up approx 0.01% of Hexavest’s portfolio.

On the company’s financial health, Agnico Eagle Mines Ltd (USA) reported $0.018 EPS for the quarter, based on the information available during the earnings call on Oct 28, 2015. Analyst had a consensus estimate of $0.02. The company had revenue of $508.80 million for the quarter, compared to analysts expectations of $477.99 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on Agnico Eagle Mines Ltd (USA). Agnico Eagle Mines Ltd (USA) was Downgraded by JP Morgan to ” Neutral” on Apr 18, 2016. Company shares were Downgraded by UBS on Mar 28, 2016 to ” Neutral”, Firm has raised the Price Target to $ 36 from a previous price target of $35 .Agnico Eagle Mines Ltd (USA) was Downgraded by Raymond James to ” Mkt Perform” on Mar 14, 2016.

Agnico Eagle Mines Ltd is a Canada-based gold producer. The Company has mining operations in northwestern Quebec northern Mexico northern Finland and Nunavut and exploration activities in Canada Europe Latin America and the United States. It operates through three business units: Northern Business Southern Business and Exploration. Its Northern Business consists of the operations in Canada and Finland which include the LaRonde mine the Lapa mine the Goldex mine the Meadowbank mine and the Meliadine project. Its Southern Business consists of the Company’s operations in Mexico. The Company’s mining at Pinos Altos is conducted through its subsidiary Agnico Eagle Mexico S.A. de C.V. which owns the Pinos Altos mine including the Creston Mascota deposit. Its Exploration group focuses on the identification of new mineral reserves and resources and new developments in stable and proven gold producing regions.

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