63,018 Agnico Eagle Mines Limited $AEM Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. trimmed its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 43.0% in the 3rd quarter, Holdings Channel reports. The firm owned 83,567 shares of the mining company’s stock after selling 63,018 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Agnico Eagle Mines were worth $15,339,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AEM. QRG Capital Management Inc. grew its holdings in shares of Agnico Eagle Mines by 4.1% in the second quarter. QRG Capital Management Inc. now owns 1,460 shares of the mining company’s stock worth $226,000 after purchasing an additional 58 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in Agnico Eagle Mines by 1.5% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 4,362 shares of the mining company’s stock valued at $800,000 after buying an additional 63 shares in the last quarter. University of Texas Texas AM Investment Management Co. lifted its holdings in Agnico Eagle Mines by 64.7% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 229 shares of the mining company’s stock valued at $39,000 after buying an additional 90 shares in the last quarter. Versant Capital Management Inc boosted its position in Agnico Eagle Mines by 4.7% in the 3rd quarter. Versant Capital Management Inc now owns 2,249 shares of the mining company’s stock valued at $412,000 after buying an additional 100 shares during the period. Finally, Blue Trust Inc. boosted its position in Agnico Eagle Mines by 2.9% in the 1st quarter. Blue Trust Inc. now owns 3,641 shares of the mining company’s stock valued at $739,000 after buying an additional 101 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Down 1.3%

NYSE:AEM traded down $2.36 during mid-day trading on Tuesday, reaching $185.82. The company’s stock had a trading volume of 1,139,706 shares, compared to its average volume of 2,657,846. Agnico Eagle Mines Limited has a 1 year low of $134.38 and a 1 year high of $255.24. The stock has a fifty day moving average of $193.68 and a 200-day moving average of $181.87. The firm has a market capitalization of $94.20 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 2.37 and a beta of 0.64. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.16. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. The firm’s quarterly revenue was up 35.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.94 EPS. Equities research analysts forecast that Agnico Eagle Mines Limited will post 11.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AEM shares. Zacks Research upgraded shares of Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. JPMorgan Chase & Co. lifted their price target on shares of Agnico Eagle Mines from $175.00 to $179.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Raymond James Financial decreased their price target on shares of Agnico Eagle Mines from $230.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday, September 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Agnico Eagle Mines in a report on Tuesday, September 29th. Finally, Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and increased their price objective for the stock from $187.00 to $200.00 in a research note on Monday, July 6th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $225.62.

About Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company engaged in the exploration, development and production of gold, as well as related activities such as mineral processing and mine-site reclamation. The company’s principal product is gold, with silver and other byproducts also recovered from certain operations.

Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s largest gold producers. Its operating portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland.