Agnico Eagle Mines Limited $AEM Shares Sold by Westerkirk Capital Inc.

Westerkirk Capital Inc. cut its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 65.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,040 shares of the mining company’s stock after selling 14,900 shares during the period. Westerkirk Capital Inc.’s holdings in Agnico Eagle Mines were worth $1,364,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Agnico Eagle Mines by 42.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock valued at $11,088,000 after purchasing an additional 19,647 shares in the last quarter. TD Asset Management Inc lifted its holdings in Agnico Eagle Mines by 1.5% during the third quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock valued at $1,600,436,000 after purchasing an additional 143,645 shares in the last quarter. Gunderson Capital Management Inc. lifted its holdings in Agnico Eagle Mines by 187.6% during the fourth quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock valued at $8,155,000 after purchasing an additional 31,378 shares in the last quarter. TB Alternative Assets Ltd. lifted its holdings in Agnico Eagle Mines by 34.2% during the fourth quarter. TB Alternative Assets Ltd. now owns 229,630 shares of the mining company’s stock valued at $38,929,000 after purchasing an additional 58,490 shares in the last quarter. Finally, Candriam S.C.A. lifted its holdings in Agnico Eagle Mines by 26.4% during the third quarter. Candriam S.C.A. now owns 218,303 shares of the mining company’s stock valued at $36,776,000 after purchasing an additional 45,585 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AEM has been the topic of several recent analyst reports. Barclays initiated coverage on shares of Agnico Eagle Mines in a report on Thursday, May 21st. They set an “overweight” rating and a $213.00 price objective on the stock. Weiss Ratings downgraded shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce increased their price objective on shares of Agnico Eagle Mines from C$304.00 to C$310.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Finally, ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $236.08.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at $162.07 on Tuesday. Agnico Eagle Mines Limited has a 12-month low of $114.60 and a 12-month high of $255.24. The stock has a market cap of $81.11 billion, a P/E ratio of 15.23, a PEG ratio of 3.60 and a beta of 0.56. The company has a 50-day moving average price of $193.38 and a 200 day moving average price of $194.71. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period last year, the business earned $1.53 earnings per share. Agnico Eagle Mines’s revenue was up 66.1% compared to the same quarter last year. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 13.18 earnings per share for the current year.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.