Pembroke Management LTD Has $1.31 Million Stock Position in Agnico Eagle Mines Limited $AEM

Key Points

• Pembroke Management LTD reduced its stake in Agnico Eagle Mines Limited by 15.7% in Q1, holding 12,059 shares worth approximately $1.31 million.
• The company reported $1.94 earnings per share for the last quarter, exceeding analyst expectations and marking a 35.6% year-over-year revenue increase to $2.86 billion.
• Agnico Eagle Mines has a strong institutional ownership at 68.34%, with several funds increasing their positions in the company recently.

Pembroke Management LTD lowered its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 15.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,059 shares of the mining company's stock after selling 2,238 shares during the period. Pembroke Management LTD's holdings in Agnico Eagle Mines were worth $1,307,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its position in Agnico Eagle Mines by 3.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company's stock valued at $1,457,160,000 after buying an additional 499,362 shares in the last quarter. Deutsche Bank AG boosted its position in Agnico Eagle Mines by 0.7% in the fourth quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company's stock valued at $932,008,000 after buying an additional 87,410 shares in the last quarter. TD Asset Management Inc boosted its position in Agnico Eagle Mines by 42.8% in the first quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company's stock valued at $978,553,000 after buying an additional 2,709,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Agnico Eagle Mines by 11.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company's stock valued at $728,214,000 after buying an additional 673,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Agnico Eagle Mines by 10.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,977,395 shares of the mining company's stock valued at $214,361,000 after acquiring an additional 189,935 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

AEM stock opened at $139.11 on Friday. The firm has a market cap of $69.95 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 0.96 and a beta of 0.44. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. Agnico Eagle Mines Limited has a 12-month low of $75.17 and a 12-month high of $140.45. The company's fifty day simple moving average is $126.63 and its 200 day simple moving average is $115.68.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the firm posted $1.07 earnings per share. The business's revenue was up 35.6% compared to the same quarter last year. On average, analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Analyst Ratings Changes

AEM has been the topic of a number of recent research reports. National Bankshares reiterated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. CIBC reiterated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, July 15th. Raymond James Financial upgraded shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price target on the stock in a report on Monday, June 30th. Royal Bank Of Canada lifted their price target on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, TD Securities upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Thursday, July 17th. Five equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $136.90.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.

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