Usa Mutuals Advisors Lowers stake in Agnico Eagle Mines Ltd (USA) (AEM)

Agnico Eagle Mines Ltd (USA) (AEM) : Usa Mutuals Advisors reduced its stake in Agnico Eagle Mines Ltd (USA) by 80.0% during the most recent quarter end. The investment management company now holds a total of 1,000 shares of Agnico Eagle Mines Ltd (USA) which is valued at $58,460 after selling 4,000 shares in Agnico Eagle Mines Ltd (USA) , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Agnico Eagle Mines Ltd (USA) makes up approximately 0.03% of Usa Mutuals Advisors’s portfolio.

Other Hedge Funds, Including , Profund Advisors boosted its stake in AEM in the latest quarter, The investment management firm added 13,653 additional shares and now holds a total of 48,860 shares of Agnico Eagle Mines Ltd (USA) which is valued at $2,856,356. Agnico Eagle Mines Ltd (USA) makes up approx 0.13% of Profund Advisors’s portfolio. Engineers Gate Manager Lp sold out all of its stake in AEM during the most recent quarter. The investment firm sold 13,824 shares of AEM which is valued $808,151. Quadrature Capital Ltd sold out all of its stake in AEM during the most recent quarter. The investment firm sold 95,595 shares of AEM which is valued $5,588,484.Dimensional Fund Advisors Lp reduced its stake in AEM by selling 1,150,535 shares or 84.97% in the most recent quarter. The Hedge Fund company now holds 203,507 shares of AEM which is valued at $11,650,776. Agnico Eagle Mines Ltd (USA) makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Oxbow Advisors reduced its stake in AEM by selling 8,384 shares or 9.84% in the most recent quarter. The Hedge Fund company now holds 76,796 shares of AEM which is valued at $4,555,539. Agnico Eagle Mines Ltd (USA) makes up approx 0.64% of Oxbow Advisors’s portfolio.

Agnico Eagle Mines Ltd (USA) opened for trading at $51.79 and hit $53.64 on the upside on Monday, eventually ending the session at $53.3, with a gain of 1.68% or 0.88 points. The heightened volatility saw the trading volume jump to 12,40,975 shares. Company has a market cap of $11,911 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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