ICM Asset Management Inc. WA trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 11.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 9,320 shares of the mining company’s stock after selling 1,210 shares during the period. ICM Asset Management Inc. WA’s holdings in Agnico Eagle Mines Limited were worth $421,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Neuberger Berman Group LLC boosted its position in shares of Agnico Eagle Mines Limited by 4.2% during the second quarter. Neuberger Berman Group LLC now owns 816,794 shares of the mining company’s stock worth $36,854,000 after buying an additional 33,285 shares during the period. Aviva PLC boosted its position in shares of Agnico Eagle Mines Limited by 3.3% during the second quarter. Aviva PLC now owns 144,463 shares of the mining company’s stock worth $6,508,000 after buying an additional 4,590 shares during the period. Boulegeris Investments Inc. boosted its position in shares of Agnico Eagle Mines Limited by 135.7% during the second quarter. Boulegeris Investments Inc. now owns 12,070 shares of the mining company’s stock worth $545,000 after buying an additional 6,950 shares during the period. Vanguard Group Inc. boosted its position in shares of Agnico Eagle Mines Limited by 6.9% during the second quarter. Vanguard Group Inc. now owns 5,444,848 shares of the mining company’s stock worth $245,672,000 after buying an additional 352,417 shares during the period. Finally, Airain ltd purchased a new position in Agnico Eagle Mines Limited in the second quarter valued at $4,627,000. Institutional investors own 58.32% of the company’s stock.

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A number of research firms recently issued reports on AEM. ValuEngine upgraded Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Credit Suisse Group set a $64.00 price target on Agnico Eagle Mines Limited and gave the company a “buy” rating in a research note on Sunday, September 10th. National Bank Financial restated an “outperform market weight” rating on shares of Agnico Eagle Mines Limited in a research note on Friday, September 8th. Zacks Investment Research upgraded Agnico Eagle Mines Limited from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Thursday, July 27th. Finally, Scotiabank lifted their target price on Agnico Eagle Mines Limited from $58.00 to $58.50 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $54.44.

Shares of Agnico Eagle Mines Limited (AEM) traded up $1.08 during trading on Tuesday, hitting $45.19. The company had a trading volume of 1,433,503 shares, compared to its average volume of 1,300,000. The firm has a market cap of $10,500.00, a P/E ratio of 38.36, a P/E/G ratio of 44.22 and a beta of -0.72. Agnico Eagle Mines Limited has a 1 year low of $35.05 and a 1 year high of $52.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.85 and a quick ratio of 2.70.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.97%. This is a boost from Agnico Eagle Mines Limited’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, November 30th. Agnico Eagle Mines Limited’s dividend payout ratio (DPR) is presently 34.19%.

About Agnico Eagle Mines Limited

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

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

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