Bank of New York Mellon Corp Has $42.38 Million Stake in Agnico Eagle Mines Ltd (AEM)

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Bank of New York Mellon Corp decreased its holdings in shares of Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 924,619 shares of the mining company’s stock after selling 20,330 shares during the quarter. Bank of New York Mellon Corp’s holdings in Agnico Eagle Mines were worth $42,375,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AEM. Wells Fargo & Company MN boosted its holdings in shares of Agnico Eagle Mines by 19.3% during the first quarter. Wells Fargo & Company MN now owns 1,033,969 shares of the mining company’s stock worth $43,499,000 after purchasing an additional 167,197 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Agnico Eagle Mines by 0.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 836,123 shares of the mining company’s stock worth $35,125,000 after purchasing an additional 3,271 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Agnico Eagle Mines by 52.9% during the first quarter. SG Americas Securities LLC now owns 23,241 shares of the mining company’s stock worth $978,000 after purchasing an additional 8,037 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Agnico Eagle Mines by 2,758.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 261,077 shares of the mining company’s stock worth $10,824,000 after purchasing an additional 251,944 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Agnico Eagle Mines by 5.4% during the first quarter. Swiss National Bank now owns 2,224,353 shares of the mining company’s stock worth $93,457,000 after purchasing an additional 114,500 shares during the last quarter. Institutional investors and hedge funds own 60.09% of the company’s stock.

A number of research analysts recently weighed in on AEM shares. Zacks Investment Research upgraded Agnico Eagle Mines from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. TD Securities lifted their target price on Agnico Eagle Mines from $55.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. BMO Capital Markets upgraded Agnico Eagle Mines from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a report on Tuesday, May 29th. ValuEngine cut Agnico Eagle Mines from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Royal Bank of Canada upgraded Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $49.00 to $55.00 in a report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $57.40.

Shares of Agnico Eagle Mines stock opened at $32.59 on Thursday. Agnico Eagle Mines Ltd has a twelve month low of $32.46 and a twelve month high of $51.81. The firm has a market capitalization of $8.09 billion, a P/E ratio of 29.71 and a beta of -0.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.83 and a current ratio of 4.02.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, July 25th. The mining company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.07). Agnico Eagle Mines had a net margin of 6.84% and a return on equity of 3.07%. The firm had revenue of $556.28 million during the quarter, compared to analyst estimates of $536.81 million. During the same quarter in the previous year, the business posted $0.24 EPS. Agnico Eagle Mines’s revenue was up 1.2% compared to the same quarter last year. equities research analysts predict that Agnico Eagle Mines Ltd will post 0.32 EPS for the current year.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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