Pembroke Management LTD Sells 3,617 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Pembroke Management LTD decreased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 23.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,972 shares of the mining company’s stock after selling 3,617 shares during the quarter. Pembroke Management LTD’s holdings in Agnico Eagle Mines were worth $783,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Financial Sense Advisors Inc. raised its holdings in shares of Agnico Eagle Mines by 372.3% in the 1st quarter. Financial Sense Advisors Inc. now owns 62,330 shares of the mining company’s stock valued at $3,718,000 after purchasing an additional 49,132 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $2,297,000. Manning & Napier Advisors LLC bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at about $2,595,000. FIL Ltd raised its holdings in shares of Agnico Eagle Mines by 16.4% in the 4th quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock valued at $1,102,481,000 after purchasing an additional 2,831,794 shares in the last quarter. Finally, Crestline Management LP grew its position in shares of Agnico Eagle Mines by 28.8% in the 4th quarter. Crestline Management LP now owns 180,891 shares of the mining company’s stock worth $9,922,000 after buying an additional 40,483 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

NYSE:AEM traded down $0.62 during trading hours on Monday, hitting $81.47. 1,309,700 shares of the company were exchanged, compared to its average volume of 2,753,569. The stock has a market capitalization of $40.80 billion, a price-to-earnings ratio of 85.76, a PEG ratio of 0.79 and a beta of 1.06. Agnico Eagle Mines Limited has a 52-week low of $43.22 and a 52-week high of $83.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.76. The company’s 50 day moving average price is $74.60 and its 200-day moving average price is $65.76.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, July 31st. The mining company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.14. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. Agnico Eagle Mines’s revenue was up 20.9% compared to the same quarter last year. As a group, research analysts forecast that Agnico Eagle Mines Limited will post 3.65 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AEM shares. TD Securities lifted their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. StockNews.com raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Jefferies Financial Group lifted their price objective on shares of Agnico Eagle Mines from $59.00 to $66.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. CIBC lifted their price objective on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Finally, BMO Capital Markets cut their price objective on shares of Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, June 20th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.86.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.