Trexquant Investment LP purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the second quarter, according to its most recent filing with the SEC. The fund purchased 9,800 shares of the mining company’s stock, valued at approximately $442,000.

A number of other hedge funds have also recently made changes to their positions in AEM. DekaBank Deutsche Girozentrale boosted its stake in shares of Agnico Eagle Mines Limited by 4.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,586 shares of the mining company’s stock worth $281,000 after buying an additional 300 shares during the period. APG Asset Management N.V. boosted its stake in shares of Agnico Eagle Mines Limited by 5.0% in the first quarter. APG Asset Management N.V. now owns 2,532,053 shares of the mining company’s stock worth $107,119,000 after buying an additional 121,655 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in Agnico Eagle Mines Limited by 7.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 223,609 shares of the mining company’s stock valued at $9,490,000 after buying an additional 15,549 shares during the last quarter. Oxbow Advisors LLC boosted its stake in Agnico Eagle Mines Limited by 17.5% in the first quarter. Oxbow Advisors LLC now owns 84,329 shares of the mining company’s stock valued at $3,579,000 after buying an additional 12,585 shares during the last quarter. Finally, Exane Derivatives boosted its stake in Agnico Eagle Mines Limited by 13.0% in the first quarter. Exane Derivatives now owns 31,152 shares of the mining company’s stock valued at $1,322,000 after buying an additional 3,583 shares during the last quarter. 60.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Agnico Eagle Mines Limited (NYSE AEM) opened at 45.99 on Tuesday. The stock has a market capitalization of $10.63 billion, a price-to-earnings ratio of 42.27 and a beta of -0.67. The firm’s 50 day moving average is $45.41 and its 200 day moving average is $45.90. Agnico Eagle Mines Limited has a 12 month low of $35.05 and a 12 month high of $58.72.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, July 26th. The mining company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. The company had revenue of $549.88 million for the quarter, compared to analyst estimates of $529.43 million. Agnico Eagle Mines Limited had a return on equity of 5.38% and a net margin of 11.32%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. On average, equities analysts predict that Agnico Eagle Mines Limited will post $0.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, August 30th. Agnico Eagle Mines Limited’s dividend payout ratio (DPR) is 36.70%.

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Several research firms recently issued reports on AEM. TD Securities raised their price objective on shares of Agnico Eagle Mines Limited from $48.00 to $52.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of Agnico Eagle Mines Limited from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 24th. Scotiabank lifted their price target on shares of Agnico Eagle Mines Limited from $58.00 to $58.50 and gave the company an “outperform” rating in a research report on Friday, July 28th. ValuEngine upgraded shares of Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Royal Bank Of Canada set a $54.00 price target on shares of Agnico Eagle Mines Limited and gave the company a “hold” rating in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $54.81.

Agnico Eagle Mines Limited Company Profile

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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