Agnico Eagle Mines Limited $AEM Shares Sold by Amundi

Amundi decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,228,803 shares of the mining company's stock after selling 305,074 shares during the quarter. Amundi owned about 0.64% of Agnico Eagle Mines worth $500,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Acumen Wealth Advisors LLC purchased a new stake in shares of Agnico Eagle Mines in the fourth quarter worth about $26,000. Markowski Investments purchased a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at about $29,000. Dunhill Financial LLC acquired a new position in Agnico Eagle Mines during the 2nd quarter worth approximately $31,000. Fiduciary Financial Advisors acquired a new position in Agnico Eagle Mines during the 2nd quarter worth approximately $32,000. Finally, Jessup Wealth Management Inc purchased a new position in Agnico Eagle Mines in the 4th quarter worth approximately $35,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Price Performance

AEM opened at $204.75 on Tuesday. The company has a 50-day moving average of $170.74 and a 200-day moving average of $186.78. The company has a market capitalization of $103.79 billion, a P/E ratio of 17.51, a PEG ratio of 2.55 and a beta of 0.67. Agnico Eagle Mines Limited has a 1-year low of $134.38 and a 1-year high of $255.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.02 and a current ratio of 2.86.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $0.16. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.78 billion. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. The company's revenue for the quarter was up 35.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.94 EPS. Equities analysts expect that Agnico Eagle Mines Limited will post 11.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on AEM. Raymond James Financial lowered their price objective on shares of Agnico Eagle Mines from $230.00 to $225.00 and set an "outperform" rating for the company in a research report on Friday. Canadian Imperial Bank of Commerce set a $285.00 target price on shares of Agnico Eagle Mines in a research report on Thursday, July 16th. Scotia dropped their price target on shares of Agnico Eagle Mines from $280.00 to $278.00 and set a "sector outperform" rating on the stock in a research note on Friday, July 3rd. Scotiabank dropped their price target on shares of Agnico Eagle Mines from $278.00 to $260.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, July 14th. Finally, UBS Group cut their price objective on shares of Agnico Eagle Mines from $210.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, June 30th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of "Moderate Buy" and a consensus price target of $226.00.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited NYSE: AEM is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

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