Evergreen Capital Management LLC reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 19.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,921 shares of the mining company’s stock after selling 6,272 shares during the quarter. Evergreen Capital Management LLC’s holdings in Agnico Eagle Mines were worth $1,695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AEM. FIL Ltd grew its position in Agnico Eagle Mines by 16.4% in the fourth quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock worth $1,102,481,000 after acquiring an additional 2,831,794 shares during the period. TD Asset Management Inc grew its holdings in shares of Agnico Eagle Mines by 41.9% during the 4th quarter. TD Asset Management Inc now owns 4,274,964 shares of the mining company’s stock worth $235,535,000 after purchasing an additional 1,261,482 shares during the period. Capital World Investors grew its holdings in shares of Agnico Eagle Mines by 12.0% during the 4th quarter. Capital World Investors now owns 9,690,000 shares of the mining company’s stock worth $531,284,000 after purchasing an additional 1,034,721 shares during the period. Capital Wealth Planning LLC increased its position in shares of Agnico Eagle Mines by 62.3% during the 1st quarter. Capital Wealth Planning LLC now owns 2,620,345 shares of the mining company’s stock worth $156,304,000 after purchasing an additional 1,006,001 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in Agnico Eagle Mines by 27.9% in the 1st quarter. National Bank of Canada FI now owns 4,007,554 shares of the mining company’s stock valued at $239,051,000 after buying an additional 874,920 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Up 1.7 %

Shares of NYSE AEM opened at $83.99 on Wednesday. Agnico Eagle Mines Limited has a 1 year low of $43.22 and a 1 year high of $84.65. The company has a market capitalization of $42.02 billion, a price-to-earnings ratio of 88.41, a price-to-earnings-growth ratio of 0.77 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.76. The business has a 50-day moving average of $78.48 and a two-hundred day moving average of $69.46.

Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last announced its quarterly earnings results on Wednesday, July 31st. The mining company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.93 by $0.14. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The firm’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. On average, analysts forecast that Agnico Eagle Mines Limited will post 3.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AEM shares. CIBC lifted their price target on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Royal Bank of Canada boosted their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Scotiabank boosted their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Finally, BMO Capital Markets decreased their target price on Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday, June 20th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.67.

Read Our Latest Stock Report on Agnico Eagle Mines

Agnico Eagle Mines Profile

(Free Report)

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.

Recommended Stories

• Five stocks we like better than Agnico Eagle Mines
• What is a Bond Market Holiday? How to Invest and Trade
• Biohaven Stock Soars on Drug Trial Results: Time to Jump In?
• Find and Profitably Trade Stocks at 52-Week Lows
• Is AMD a Legitimate Threat to NVIDIA? What Investors Should Watch
• High Dividend REITs: Are They an Ideal Way to Diversify?
• Novo Nordisk’s Setback Won’t Last: A Game-Changing Drug Emerges

Receive News & Ratings for Agnico Eagle Mines Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Agnico Eagle Mines and related companies with MarketBeat.com’s FREE daily email newsletter.