Swiss National Bank trimmed its holdings in Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 12.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,798,753 shares of the mining company’s stock after selling 249,100 shares during the period. Swiss National Bank’s holdings in Agnico Eagle Mines were worth $61,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE raised its position in shares of Agnico Eagle Mines by 54.5% in the second quarter. US Bancorp DE now owns 3,750 shares of the mining company’s stock valued at $171,000 after buying an additional 1,323 shares in the last quarter. BlackRock Inc. raised its position in shares of Agnico Eagle Mines by 1.1% in the first quarter. BlackRock Inc. now owns 146,755 shares of the mining company’s stock valued at $6,174,000 after buying an additional 1,629 shares in the last quarter. Pendal Group Ltd raised its position in shares of Agnico Eagle Mines by 97.1% in the second quarter. Pendal Group Ltd now owns 3,939 shares of the mining company’s stock valued at $181,000 after buying an additional 1,941 shares in the last quarter. Rathbone Brothers plc raised its position in Agnico Eagle Mines by 3.2% during the third quarter. Rathbone Brothers plc now owns 63,620 shares of the mining company’s stock valued at $2,172,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Sei Investments Co. raised its position in Agnico Eagle Mines by 160.2% during the second quarter. Sei Investments Co. now owns 3,562 shares of the mining company’s stock valued at $163,000 after purchasing an additional 2,193 shares in the last quarter. Institutional investors own 60.80% of the company’s stock.

Shares of NYSE:AEM opened at $35.87 on Wednesday. The firm has a market cap of $8.38 billion, a PE ratio of 32.32 and a beta of -0.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.94 and a quick ratio of 1.88. Agnico Eagle Mines Ltd has a 52-week low of $32.18 and a 52-week high of $49.80.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Wednesday, October 24th. The mining company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.06. Agnico Eagle Mines had a net margin of 4.60% and a return on equity of 1.75%. The company had revenue of $518.68 million for the quarter, compared to analysts’ expectations of $497.68 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Agnico Eagle Mines’s revenue for the quarter was down 10.6% on a year-over-year basis. On average, sell-side analysts anticipate that Agnico Eagle Mines Ltd will post 0.18 EPS for the current year.

AEM has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Agnico Eagle Mines from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. ValuEngine downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Royal Bank of Canada upgraded shares of Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $49.00 to $55.00 in a report on Monday, July 30th. TD Securities upped their price target on shares of Agnico Eagle Mines from $55.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Finally, National Bank Financial upgraded shares of Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $54.25.

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Agnico Eagle Mines Company 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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