Cheviot Value Management buys $5,276,775 stake in Agnico Eagle Mines Ltd (USA) (AEM)

Agnico Eagle Mines Ltd (USA) (AEM) : Cheviot Value Management scooped up 320 additional shares in Agnico Eagle Mines Ltd (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 90,263 shares of Agnico Eagle Mines Ltd (USA) which is valued at $5,276,775.Agnico Eagle Mines Ltd (USA) makes up approximately 3.00% of Cheviot Value Management’s portfolio.

Other Hedge Funds, Including , Jane Street Group boosted its stake in AEM in the latest quarter, The investment management firm added 18,797 additional shares and now holds a total of 35,894 shares of Agnico Eagle Mines Ltd (USA) which is valued at $2,098,363. Agnico Eagle Mines Ltd (USA) makes up approx 0.03% of Jane Street Group’s portfolio.Usa Mutuals Advisors reduced its stake in AEM by selling 4,000 shares or 80.0% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of AEM which is valued at $58,460. Agnico Eagle Mines Ltd (USA) makes up approx 0.03% of Usa Mutuals Advisors’s portfolio.Investec Asset Management Ltd reduced its stake in AEM by selling 1,248 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 668,077 shares of AEM which is valued at $39,055,781. Agnico Eagle Mines Ltd (USA) makes up approx 0.19% of Investec Asset Management Ltd’s portfolio. Peak6 Investments sold out all of its stake in AEM during the most recent quarter. The investment firm sold 60,171 shares of AEM which is valued $3,517,597.Sunnymeath Asset Management reduced its stake in AEM by selling 14,300 shares or 30.3% in the most recent quarter. The Hedge Fund company now holds 32,900 shares of AEM which is valued at $1,719,025. Agnico Eagle Mines Ltd (USA) makes up approx 2.43% of Sunnymeath Asset Management’s portfolio.

Agnico Eagle Mines Ltd (USA) opened for trading at $50.32 and hit $52.5799 on the upside on Thursday, eventually ending the session at $52.09, with a gain of 2.84% or 1.44 points. The heightened volatility saw the trading volume jump to 24,06,716 shares. Company has a market cap of $11,641 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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