Agnico Eagle Mines Ltd (USA) (AEM) : Prudential Plc reduced its stake in Agnico Eagle Mines Ltd (USA) by 4.14% during the most recent quarter end. The investment management company now holds a total of 3,050,585 shares of Agnico Eagle Mines Ltd (USA) which is valued at $178,337,199 after selling 131,877 shares in Agnico Eagle Mines Ltd (USA) , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Agnico Eagle Mines Ltd (USA) makes up approximately 0.69% of Prudential Plc’s portfolio.
Other Hedge Funds, Including , Cetera Advisors reduced its stake in AEM by selling 131 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 9,450 shares of AEM which is valued at $552,447. Agnico Eagle Mines Ltd (USA) makes up approx 0.04% of Cetera Advisors’s portfolio. Timber Hill added AEM to its portfolio by purchasing 5,895 company shares during the most recent quarter which is valued at $341,438. Agnico Eagle Mines Ltd (USA) makes up approx 0.03% of Timber Hill’s portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh sold out all of its stake in AEM during the most recent quarter. The investment firm sold 40,000 shares of AEM which is valued $2,325,600.First Manhattan Co reduced its stake in AEM by selling 1,940 shares or 7.45% in the most recent quarter. The Hedge Fund company now holds 24,105 shares of AEM which is valued at $1,351,567. Agnico Eagle Mines Ltd (USA) makes up approx 0.01% of First Manhattan Co’s portfolio.Cutler Group Lp reduced its stake in AEM by selling 48,711 shares or 80.56% in the most recent quarter. The Hedge Fund company now holds 11,755 shares of AEM which is valued at $667,802. Agnico Eagle Mines Ltd (USA) makes up approx 0.05% of Cutler Group Lp’s portfolio.
Agnico Eagle Mines Ltd (USA) closed down -1.6 points or -2.77% at $56.14 with 15,83,269 shares getting traded on Friday. Post opening the session at $56.79, the shares hit an intraday low of $56.04 and an intraday high of $56.98 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.
Investors should note that on Jul 27, 2016, Agnico Eagle Mines Ltd (USA) announced a cash dividend of $0.1000. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 15, 2016.
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.