Groupama Asset Managment Sells 380,719 Shares of Agnico Eagle Mines Limited $AEM

Groupama Asset Managment decreased its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,141,959 shares of the mining company’s stock after selling 380,719 shares during the period. Agnico Eagle Mines accounts for 2.8% of Groupama Asset Managment’s portfolio, making the stock its 9th largest position. Groupama Asset Managment owned approximately 0.23% of Agnico Eagle Mines worth $192,773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AEM. Acumen Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the fourth quarter worth approximately $26,000. Abound Wealth Management lifted its holdings in shares of Agnico Eagle Mines by 99.0% during the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after purchasing an additional 104 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in Agnico Eagle Mines in the 4th quarter worth approximately $35,000. Jessup Wealth Management Inc acquired a new stake in Agnico Eagle Mines during the 4th quarter worth about $35,000. Finally, Caitlin John LLC acquired a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at $36,000. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $166.63 on Friday. The firm has a market capitalization of $84.58 billion, a PE ratio of 15.66, a P/E/G ratio of 3.80 and a beta of 0.56. Agnico Eagle Mines Limited has a 52-week low of $114.60 and a 52-week high of $255.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. The stock has a 50 day simple moving average of $187.13 and a 200 day simple moving average of $194.57.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued 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. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The firm’s revenue was up 66.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.53 earnings per share. Sell-side analysts predict that Agnico Eagle Mines Limited will post 13.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on AEM. TD lifted their price objective on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Zacks Research downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. TD Securities upped their price target on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Finally, Canadian Imperial Bank of Commerce increased their target price on Agnico Eagle Mines from C$304.00 to C$310.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $236.08.

Agnico Eagle Mines 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.