Triasima Portfolio Management inc. Sells 16,065 Shares of Agnico Eagle Mines Limited $AEM

Key Points

• Triasima Portfolio Management Inc. has decreased its holdings in Agnico Eagle Mines Limited by 31.1%, selling 16,065 shares during the second quarter, now owning a total of 35,535 shares worth approximately $4,225,000.
• Agnico Eagle Mines received a series of positive ratings upgrades from analysts, including a price target increase from Bank of America from $170.00 to $173.00, with an average rating of "Buy" across multiple analysts.
• Shares of Agnico Eagle Mines are currently trading at around $166.32, with the company reporting a 35.6% increase in quarterly revenue compared to the same period last year.

Triasima Portfolio Management inc. decreased its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 31.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 35,535 shares of the mining company's stock after selling 16,065 shares during the period. Triasima Portfolio Management inc.'s holdings in Agnico Eagle Mines were worth $4,225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new position in shares of Agnico Eagle Mines in the 2nd quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Agnico Eagle Mines in the 1st quarter valued at $26,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Agnico Eagle Mines in the 1st quarter valued at $26,000. Private Trust Co. NA grew its position in Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock worth $31,000 after acquiring an additional 232 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in Agnico Eagle Mines during the 1st quarter worth $34,000. Institutional investors own 68.34% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AEM shares. Bank of America boosted their price objective on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. TD Securities upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Thursday, July 17th. CIBC restated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday, July 15th. Finally, Weiss Ratings restated a "buy (a)" rating on shares of Agnico Eagle Mines in a research report on Saturday, September 27th. Seven investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Agnico Eagle Mines has an average rating of "Buy" and a consensus price target of $141.40.

Agnico Eagle Mines Stock Down 2.4%

Shares of AEM opened at $166.32 on Wednesday. The company has a market capitalization of $83.63 billion, a PE ratio of 28.29, a PEG ratio of 1.14 and a beta of 0.46. Agnico Eagle Mines Limited has a 12 month low of $75.17 and a 12 month high of $172.21. The stock's 50-day moving average price is $147.11 and its two-hundred day moving average price is $127.11. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03.

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

Agnico Eagle Mines 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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