Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board reduced its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 77.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,737 shares of the mining company’s stock after selling 208,184 shares during the quarter. Public Sector Pension Investment Board’s holdings in Agnico Eagle Mines were worth $3,677,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Evoke Wealth LLC raised its stake in Agnico Eagle Mines by 1.8% in the 2nd quarter. Evoke Wealth LLC now owns 9,173 shares of the mining company’s stock valued at $555,000 after purchasing an additional 162 shares during the last quarter. Huntington National Bank raised its stake in Agnico Eagle Mines by 24.0% in the 2nd quarter. Huntington National Bank now owns 1,066 shares of the mining company’s stock valued at $64,000 after purchasing an additional 206 shares during the last quarter. Baker Tilly Wealth Management LLC raised its stake in Agnico Eagle Mines by 3.0% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 7,056 shares of the mining company’s stock valued at $408,000 after purchasing an additional 207 shares during the last quarter. Washington Capital Management Inc. raised its stake in Agnico Eagle Mines by 1.5% in the 2nd quarter. Washington Capital Management Inc. now owns 19,320 shares of the mining company’s stock valued at $1,168,000 after purchasing an additional 290 shares during the last quarter. Finally, Veracity Capital LLC raised its stake in Agnico Eagle Mines by 2.7% in the 2nd quarter. Veracity Capital LLC now owns 12,916 shares of the mining company’s stock valued at $781,000 after purchasing an additional 340 shares during the last quarter. 59.30% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the company. Raymond James cut their target price on Agnico Eagle Mines from $79.00 to $74.00 and set an “outperform” rating for the company in a research note on Wednesday. National Bankshares downgraded Agnico Eagle Mines to a “hold” rating and set a $97.00 target price for the company. in a research note on Friday, September 10th. KeyCorp assumed coverage on Agnico Eagle Mines in a research note on Friday, September 24th. They issued a “sector weight” rating for the company. CIBC reaffirmed a “buy” rating and issued a $121.50 target price on shares of Agnico Eagle Mines in a research note on Friday, July 9th. Finally, National Bank Financial downgraded Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $97.00 to $90.00 in a research note on Friday, September 10th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $90.05.

Shares of NYSE:AEM opened at $57.09 on Thursday. The business has a 50-day moving average price of $55.66 and a 200 day moving average price of $61.81. The company has a current ratio of 1.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 19.68 and a beta of 0.72. Agnico Eagle Mines Limited has a 12-month low of $49.20 and a 12-month high of $85.46.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Tuesday, July 27th. The mining company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.10. Agnico Eagle Mines had a return on equity of 12.01% and a net margin of 19.78%. The firm had revenue of $966.32 million during the quarter, compared to the consensus estimate of $901.42 million. During the same period last year, the company earned $0.18 EPS. As a group, equities research analysts predict that Agnico Eagle Mines Limited will post 2.8 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Tuesday, August 31st. Agnico Eagle Mines’s dividend payout ratio (DPR) is 75.27%.

About Agnico Eagle Mines

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Sweden, 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.

See Also: Initial Coin Offerings entail a high degree of risk

Want to see what other hedge funds are holding AEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM).

Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.