Compagnie Lombard Odier Scma adds Agnico Eagle Mines Ltd (USA) (AEM) to its portfolio

Agnico Eagle Mines Ltd (USA) (AEM) : Compagnie Lombard Odier Scma added new position in Agnico Eagle Mines Ltd (USA) during the most recent quarter end. The investment management firm now holds 133,792 shares of Agnico Eagle Mines Ltd (USA) which is valued at $7,821,480 , the company said in a statement filed on Aug 15, 2016 with the SEC.Agnico Eagle Mines Ltd (USA) makes up approximately 0.22% of Compagnie Lombard Odier Scma’s portfolio.

Other Hedge Funds, Including , Squarepoint Ops sold out all of its stake in AEM during the most recent quarter. The investment firm sold 25,000 shares of AEM which is valued $1,461,500. Engineers Gate Manager Lp sold out all of its stake in AEM during the most recent quarter. The investment firm sold 13,824 shares of AEM which is valued $808,151.Credit Suisse Ag boosted its stake in AEM in the latest quarter, The investment management firm added 74,179 additional shares and now holds a total of 888,418 shares of Agnico Eagle Mines Ltd (USA) which is valued at $51,936,916. Agnico Eagle Mines Ltd (USA) makes up approx 0.06% of Credit Suisse Ag’s portfolio.Falcon Point Capital reduced its stake in AEM by selling 5,854 shares or 60.1% in the most recent quarter. The Hedge Fund company now holds 3,887 shares of AEM which is valued at $212,463. Agnico Eagle Mines Ltd (USA) makes up approx 0.04% of Falcon Point Capital’s portfolio.Checchi Capital Advisers boosted its stake in AEM in the latest quarter, The investment management firm added 55 additional shares and now holds a total of 407 shares of Agnico Eagle Mines Ltd (USA) which is valued at $21,868. Agnico Eagle Mines Ltd (USA) makes up approx 0.01% of Checchi Capital Advisers’s portfolio.

Agnico Eagle Mines Ltd (USA) opened for trading at $55.87 and hit $56.245 on the upside on Wednesday, eventually ending the session at $56.12, with a gain of 0.45% or 0.25 points. The heightened volatility saw the trading volume jump to 1,746,958 shares. Company has a market cap of $12,541 M.

On the company’s financial health, Agnico Eagle Mines Ltd (USA) reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.10. The company had revenue of $537.60 million for the quarter, compared to analysts expectations of $516.48 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Agnico Eagle Mines Ltd (USA). Company shares were Downgraded by RBC Capital Mkts on Aug 8, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 67 from a previous price target of $65 .Citigroup Initiated Agnico Eagle Mines Ltd (USA) on Aug 2, 2016 to “Sell”, Price Target of the shares are set at $44.Agnico Eagle Mines Ltd (USA) was Downgraded by Dundee to ” Neutral” on Jul 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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