Cerebellum GP LLC Takes $73,000 Position in Agnico Eagle Mines Ltd (NYSE:AEM)

Cerebellum GP LLC purchased a new position in shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,591 shares of the mining company’s stock, valued at approximately $73,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Agnico Eagle Mines by 2.3% in the second quarter. Vanguard Group Inc. now owns 6,907,123 shares of the mining company’s stock worth $353,921,000 after acquiring an additional 154,867 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Agnico Eagle Mines by 8.5% in the second quarter. CIBC Asset Management Inc now owns 4,671,927 shares of the mining company’s stock worth $239,522,000 after acquiring an additional 367,372 shares during the last quarter. TD Asset Management Inc. lifted its holdings in shares of Agnico Eagle Mines by 1.8% in the second quarter. TD Asset Management Inc. now owns 4,258,323 shares of the mining company’s stock worth $218,790,000 after acquiring an additional 76,138 shares during the last quarter. Findlay Park Partners LLP lifted its holdings in shares of Agnico Eagle Mines by 15.4% in the second quarter. Findlay Park Partners LLP now owns 2,938,400 shares of the mining company’s stock worth $150,564,000 after acquiring an additional 392,910 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Agnico Eagle Mines by 75.6% in the 2nd quarter. Invesco Ltd. now owns 2,878,319 shares of the mining company’s stock valued at $147,483,000 after buying an additional 1,239,129 shares during the last quarter. 60.89% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on AEM. Citigroup increased their target price on shares of Agnico Eagle Mines from $55.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Raymond James reissued an “outperform” rating and set a $74.00 target price on shares of Agnico Eagle Mines in a research report on Friday, October 25th. Barclays set a $53.00 price objective on shares of Agnico Eagle Mines and gave the stock a “hold” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised their price objective on shares of Agnico Eagle Mines from $68.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th. Finally, National Bank Financial raised their price objective on shares of Agnico Eagle Mines from $100.00 to $102.00 and gave the stock an “outperform” rating in a research report on Sunday, October 27th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Agnico Eagle Mines has an average rating of “Buy” and an average price target of $65.40.

Shares of NYSE AEM traded down $0.75 during mid-day trading on Friday, reaching $57.65. 1,847,256 shares of the company’s stock were exchanged, compared to its average volume of 1,415,352. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.42 and a quick ratio of 0.70. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 78.73, a price-to-earnings-growth ratio of 61.77 and a beta of -0.54. Agnico Eagle Mines Ltd has a 52 week low of $33.41 and a 52 week high of $64.88. The firm has a 50-day moving average price of $56.19 and a two-hundred day moving average price of $52.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Wednesday, October 23rd. The mining company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.10. Agnico Eagle Mines had a positive return on equity of 3.80% and a negative net margin of 11.06%. The company had revenue of $683.00 million during the quarter, compared to analyst estimates of $683.18 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. Agnico Eagle Mines’s revenue was up 31.7% on a year-over-year basis. As a group, sell-side analysts forecast that Agnico Eagle Mines Ltd will post 0.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Wednesday, November 27th will be given a $0.175 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.70 dividend on an annualized basis and a yield of 1.21%.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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