Jag Capital Management LLC maintained its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the second quarter, according to its most recent filing with the SEC. The firm owned 25,045 shares of the mining company’s stock at the end of the second quarter. Jag Capital Management LLC’s holdings in Agnico Eagle Mines Limited were worth $1,130,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Financial Architects Inc boosted its position in Agnico Eagle Mines Limited by 52.8% in the first quarter. Financial Architects Inc now owns 2,605 shares of the mining company’s stock valued at $111,000 after buying an additional 900 shares during the period. IFP Advisors Inc boosted its position in Agnico Eagle Mines Limited by 9.8% in the first quarter. IFP Advisors Inc now owns 2,639 shares of the mining company’s stock valued at $112,000 after buying an additional 235 shares during the period. WFG Advisors LP boosted its position in Agnico Eagle Mines Limited by 76.6% in the first quarter. WFG Advisors LP now owns 3,580 shares of the mining company’s stock valued at $152,000 after buying an additional 1,553 shares during the period. Fruth Investment Management acquired a new position in Agnico Eagle Mines Limited during the second quarter valued at approximately $212,000. Finally, Wetherby Asset Management Inc. acquired a new position in Agnico Eagle Mines Limited during the first quarter valued at approximately $210,000. Institutional investors own 60.78% of the company’s stock.

Shares of Agnico Eagle Mines Limited (NYSE:AEM) traded up 0.66% during midday trading on Wednesday, reaching $45.73. The company’s stock had a trading volume of 377,481 shares. The stock has a 50 day moving average price of $46.21 and a 200-day moving average price of $45.87. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 50.81 and a beta of -0.67. Agnico Eagle Mines Limited has a 52-week low of $35.05 and a 52-week high of $60.10.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, April 27th. The mining company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.17. The company had revenue of $547.50 million for the quarter, compared to analyst estimates of $528.14 million. Agnico Eagle Mines Limited had a return on equity of 4.57% and a net margin of 9.43%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 earnings per share. Equities research analysts expect that Agnico Eagle Mines Limited will post $0.70 EPS for the current year.

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Several research firms have recently commented on AEM. Zacks Investment Research cut Agnico Eagle Mines Limited from a “strong-buy” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada reiterated a “hold” rating and set a $54.00 target price on shares of Agnico Eagle Mines Limited in a research note on Tuesday, July 18th. ValuEngine upgraded Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. National Bank Financial upgraded Agnico Eagle Mines Limited from a “sector perform” rating to an “outperform” rating in a research note on Monday. Finally, Credit Suisse Group set a $63.00 target price on Agnico Eagle Mines Limited and gave the company a “buy” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $52.94.

Agnico Eagle Mines Limited Company Profile

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

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

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