Schroder Investment Management Group Lowers Position in Agnico Eagle Mines Ltd (AEM)

Schroder Investment Management Group lessened its stake in Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 29.2% during the second quarter, HoldingsChannel.com reports. The firm owned 63,573 shares of the mining company’s stock after selling 26,162 shares during the period. Schroder Investment Management Group’s holdings in Agnico Eagle Mines were worth $2,833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of AEM. Northern Trust Corp raised its holdings in shares of Agnico Eagle Mines by 1.0% in the 1st quarter. Northern Trust Corp now owns 204,793 shares of the mining company’s stock worth $8,616,000 after purchasing an additional 2,041 shares during the period. BlackRock Inc. raised its holdings in shares of Agnico Eagle Mines by 1.1% in the 1st quarter. BlackRock Inc. now owns 146,755 shares of the mining company’s stock worth $6,174,000 after purchasing an additional 1,629 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Agnico Eagle Mines by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 266,847 shares of the mining company’s stock worth $11,226,000 after purchasing an additional 30,821 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Agnico Eagle Mines by 71.5% in the 1st quarter. Allianz Asset Management GmbH now owns 21,547 shares of the mining company’s stock worth $906,000 after purchasing an additional 8,981 shares during the period. Finally, Blair William & Co. IL raised its holdings in shares of Agnico Eagle Mines by 12.1% in the 1st quarter. Blair William & Co. IL now owns 13,804 shares of the mining company’s stock worth $581,000 after purchasing an additional 1,487 shares during the period. 60.34% of the stock is currently owned by institutional investors.

Shares of AEM stock opened at $37.02 on Friday. The company has a current ratio of 4.02, a quick ratio of 2.83 and a debt-to-equity ratio of 0.35. Agnico Eagle Mines Ltd has a 1 year low of $32.18 and a 1 year high of $49.80. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 56.95 and a beta of -0.53.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, July 25th. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). Agnico Eagle Mines had a net margin of 6.84% and a return on equity of 3.07%. The business had revenue of $556.28 million for the quarter, compared to the consensus estimate of $536.81 million. During the same period in the previous year, the firm earned $0.24 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that Agnico Eagle Mines Ltd will post 0.16 EPS for the current fiscal year.

A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a report on Thursday, July 12th. ValuEngine raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. JPMorgan Chase & Co. lowered their price target on shares of Agnico Eagle Mines from $65.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, September 17th. Citigroup lowered their price target on shares of Agnico Eagle Mines from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, August 29th. Finally, National Bank Financial raised shares of Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $55.17.

About Agnico Eagle Mines

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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