Saddle Road Partners Exits Position in Agnico Eagle Mines Ltd (USA) (AEM)

Agnico Eagle Mines Ltd (USA) (AEM) : Saddle Road Partners has sold out all of its stake in Agnico Eagle Mines Ltd (USA) during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 617 shares of Agnico Eagle Mines Ltd (USA) which is valued at $25,507.

Agnico Eagle Mines Ltd (USA) opened for trading at $41.42 and hit $41.68 on the upside on Wednesday, eventually ending the session at $41.38, with a gain of 0.66% or 0.27 points. The heightened volatility saw the trading volume jump to 23,82,193 shares. Company has a market cap of $9,090 M.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in AEM by selling 233 shares or 79.79% in the most recent quarter. The Hedge Fund company now holds 59 shares of AEM which is valued at $2,439.Next Financial Group Inc boosted its stake in AEM in the latest quarter, The investment management firm added 106 additional shares and now holds a total of 252 shares of Agnico Eagle Mines Ltd (USA) which is valued at $10,418.Montrusco Bolton Investments boosted its stake in AEM in the latest quarter, The investment management firm added 135,367 additional shares and now holds a total of 150,003 shares of Agnico Eagle Mines Ltd (USA) which is valued at $6,201,124. Agnico Eagle Mines Ltd (USA) makes up approx 0.49% of Montrusco Bolton Investments’s portfolio.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.Chelsea Counsel Co reduced its stake in AEM by selling 113,020 shares or 58.3% in the most recent quarter. The Hedge Fund company now holds 80,844 shares of AEM which is valued at $3,280,650. Agnico Eagle Mines Ltd (USA) makes up approx 0.95% of Chelsea Counsel Co’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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