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

Genus Capital Management Inc. lowered its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 28.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,462 shares of the mining company’s stock after selling 40,910 shares during the quarter. Agnico Eagle Mines makes up about 1.6% of Genus Capital Management Inc.’s holdings, making the stock its 13th biggest holding. Genus Capital Management Inc.’s holdings in Agnico Eagle Mines were worth $12,421,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AEM. Ameritas Advisory Services LLC purchased a new stake in shares of Agnico Eagle Mines during the 2nd quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Agnico Eagle Mines in the first quarter valued at $26,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Agnico Eagle Mines in the first quarter valued at $26,000. City State Bank lifted its holdings in Agnico Eagle Mines by 69.2% during the 2nd quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after buying an additional 110 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock worth $31,000 after buying an additional 232 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $155.95 on Wednesday. The stock has a market cap of $78.36 billion, a P/E ratio of 22.77, a P/E/G ratio of 0.70 and a beta of 0.46. Agnico Eagle Mines Limited has a twelve month low of $75.17 and a twelve month high of $187.50. The stock has a 50 day moving average of $160.25 and a two-hundred day moving average of $135.34. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.97%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the previous year, the company posted $1.14 EPS. On average, research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Citigroup increased their price objective on Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (a)” rating to a “buy (b+)” rating in a report on Friday, October 24th. Zacks Research upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Bank of America upped their target price on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, Wall Street Zen upgraded shares of Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Five investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $184.50.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.