Campbell & CO Investment Adviser LLC Sells 22,277 Shares of Agnico Eagle Mines Limited $AEM

Campbell & CO Investment Adviser LLC trimmed its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 88.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,931 shares of the mining company’s stock after selling 22,277 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Agnico Eagle Mines were worth $349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TD Asset Management Inc raised its stake in shares of Agnico Eagle Mines by 42.8% during the first quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company’s stock worth $978,553,000 after buying an additional 2,709,005 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Agnico Eagle Mines by 57.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,344,302 shares of the mining company’s stock valued at $254,029,000 after acquiring an additional 854,924 shares during the last quarter. Nuveen LLC acquired a new position in shares of Agnico Eagle Mines in the 1st quarter valued at $85,926,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Agnico Eagle Mines by 11.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,720,301 shares of the mining company’s stock worth $728,214,000 after purchasing an additional 673,400 shares during the last quarter. Finally, TB Alternative Assets Ltd. acquired a new stake in shares of Agnico Eagle Mines during the second quarter worth $40,629,000. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Trading Down 0.3%

Shares of NYSE:AEM opened at $168.40 on Monday. The firm has a market cap of $84.47 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 0.70 and a beta of 0.45. Agnico Eagle Mines Limited has a 12 month low of $76.38 and a 12 month high of $187.50. The company’s fifty day simple moving average is $163.52 and its 200 day simple moving average is $137.96. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AEM. UBS Group raised their target price on Agnico Eagle Mines from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Bank of America lifted their price objective on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. TD Securities boosted their price objective on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings upgraded shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday. Finally, Scotiabank reissued an “outperform” rating on shares of Agnico Eagle Mines in a report on Thursday, October 23rd. Five analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $184.50.

Agnico Eagle Mines Company Profile

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.