Agnico Eagle Mines Ltd (USA) (AEM) : Sunnymeath Asset Management reduced its stake in Agnico Eagle Mines Ltd (USA) by 30.3% during the most recent quarter end. The investment management company now holds a total of 32,900 shares of Agnico Eagle Mines Ltd (USA) which is valued at $1,719,025 after selling 14,300 shares in Agnico Eagle Mines Ltd (USA) , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Agnico Eagle Mines Ltd (USA) makes up approximately 2.43% of Sunnymeath Asset Management’s portfolio.
Other Hedge Funds, Including , Hexavest reduced its stake in AEM by selling 889 shares or 8.89% in the most recent quarter. The Hedge Fund company now holds 9,112 shares of AEM which is valued at $510,910. Agnico Eagle Mines Ltd (USA) makes up approx 0.01% of Hexavest’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in AEM by selling 12,018 shares or 90.06% in the most recent quarter. The Hedge Fund company now holds 1,327 shares of AEM which is valued at $75,387. Fruth Investment Management added AEM to its portfolio by purchasing 4,700 company shares during the most recent quarter which is valued at $267,007. Agnico Eagle Mines Ltd (USA) makes up approx 0.13% of Fruth Investment Management’s portfolio.British Columbia Investment Management Corp boosted its stake in AEM in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 33,200 shares of Agnico Eagle Mines Ltd (USA) which is valued at $1,853,888. Agnico Eagle Mines Ltd (USA) makes up approx 0.02% of British Columbia Investment Management Corp’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.