Agnico Eagle Mines Ltd (USA) (AEM) : Duff Phelps Investment Management Co added new position in Agnico Eagle Mines Ltd (USA) during the most recent quarter end. The investment management firm now holds 227,585 shares of Agnico Eagle Mines Ltd (USA) which is valued at $10,391,531 , the company said in a statement filed on Oct 14, 2016 with the SEC.Agnico Eagle Mines Ltd (USA) makes up approximately 0.15% of Duff Phelps Investment Management Co’s portfolio.
Other Hedge Funds, Including , P.r. Herzig reduced its stake in AEM by selling 3,150 shares or 9.84% in the most recent quarter. The Hedge Fund company now holds 28,863 shares of AEM which is valued at $1,317,885. Agnico Eagle Mines Ltd (USA) makes up approx 2.64% of P.r. Herzig’s portfolio. First Premier Bank added AEM to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $46,310. Agnico Eagle Mines Ltd (USA) makes up approx 0.04% of First Premier Bank’s portfolio.Msi Financial Services Inc reduced its stake in AEM by selling 36 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 987 shares of AEM which is valued at $45,708. Hexavest sold out all of its stake in AEM during the most recent quarter. The investment firm sold 9,112 shares of AEM which is valued $407,489.Legal General Group Plc boosted its stake in AEM in the latest quarter, The investment management firm added 9,451 additional shares and now holds a total of 1,167,892 shares of Agnico Eagle Mines Ltd (USA) which is valued at $52,228,130. Agnico Eagle Mines Ltd (USA) makes up approx 0.05% of Legal General Group Plc’s portfolio.
Agnico Eagle Mines Ltd (USA) closed down -0.65 points or -1.40% at $45.66 with 14,79,497 shares getting traded on Friday. Post opening the session at $45.68, the shares hit an intraday low of $45.5 and an intraday high of $46.86 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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 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.