Agnico Eagle Mines Ltd (USA) (AEM) : New Harbor Financial Group added new position in Agnico Eagle Mines Ltd (USA) during the most recent quarter end. The investment management firm now holds 300 shares of Agnico Eagle Mines Ltd (USA) which is valued at $15,675 , the company said in a statement filed on Jul 19, 2016 with the SEC.Agnico Eagle Mines Ltd (USA) makes up approximately 0.02% of New Harbor Financial Group’s portfolio.
Other Hedge Funds, Including , Barometer Capital Management boosted its stake in AEM in the latest quarter, The investment management firm added 45,696 additional shares and now holds a total of 158,196 shares of Agnico Eagle Mines Ltd (USA) which is valued at $8,870,050. Agnico Eagle Mines Ltd (USA) makes up approx 0.87% of Barometer Capital Management’s portfolio. James Investment Research Inc added AEM to its portfolio by purchasing 105,828 company shares during the most recent quarter which is valued at $5,933,776. Agnico Eagle Mines Ltd (USA) makes up approx 0.15% of James Investment Research Inc’s portfolio.Boulegeris Investments reduced its stake in AEM by selling 4,040 shares or 36.56% in the most recent quarter. The Hedge Fund company now holds 7,010 shares of AEM which is valued at $398,238. Agnico Eagle Mines Ltd (USA) makes up approx 0.26% of Boulegeris Investments’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in AEM in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 67,528 shares of Agnico Eagle Mines Ltd (USA) which is valued at $3,836,266. Agnico Eagle Mines Ltd (USA) makes up approx 0.06% of Gulf International Bank (uk) Ltd’s portfolio.
Agnico Eagle Mines Ltd (USA) closed down -3.46 points or -6.21% at $52.25 with 26,16,904 shares getting traded on Wednesday. Post opening the session at $54.56, the shares hit an intraday low of $52.1 and an intraday high of $54.56 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Agnico Eagle Mines Ltd (USA) reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.02. The company had revenue of $490.53 million for the quarter, compared to analysts expectations of $481.97 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
Many Wall Street Analysts have commented on Agnico Eagle Mines Ltd (USA). Agnico Eagle Mines Ltd (USA) was Downgraded by Dundee to ” Neutral” on Jul 14, 2016. Agnico Eagle Mines Ltd (USA) was Upgraded by Desjardins to ” Buy” on Jul 13, 2016. Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .
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.