Howland Capital Management LLC Sells 224,147 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Howland Capital Management LLC decreased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 97.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,476 shares of the mining company’s stock after selling 224,147 shares during the quarter. Howland Capital Management LLC’s holdings in Agnico Eagle Mines were worth $327,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AEM. Norges Bank bought a new position in Agnico Eagle Mines during the fourth quarter worth about $325,327,000. FIL Ltd boosted its holdings in shares of Agnico Eagle Mines by 16.4% during the fourth quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock worth $1,102,481,000 after acquiring an additional 2,831,794 shares during the period. Clearbridge Investments LLC bought a new stake in shares of Agnico Eagle Mines during the fourth quarter worth approximately $132,257,000. Van ECK Associates Corp boosted its holdings in shares of Agnico Eagle Mines by 9.5% during the fourth quarter. Van ECK Associates Corp now owns 23,059,010 shares of the mining company’s stock worth $1,264,791,000 after acquiring an additional 1,995,127 shares during the period. Finally, Capital Wealth Planning LLC bought a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $88,547,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 0.9 %

NYSE AEM traded down $0.65 on Friday, reaching $73.97. The company had a trading volume of 77,007 shares, compared to its average volume of 2,899,741. The firm has a market cap of $37.00 billion, a price-to-earnings ratio of 78.55, a P/E/G ratio of 0.81 and a beta of 1.06. Agnico Eagle Mines Limited has a fifty-two week low of $43.22 and a fifty-two week high of $75.09. The business has a 50 day moving average of $67.24 and a two-hundred day moving average of $58.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 0.88.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Thursday, April 25th. The mining company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.16. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.78 billion. Agnico Eagle Mines had a return on equity of 6.09% and a net margin of 6.79%. Agnico Eagle Mines’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. Analysts forecast that Agnico Eagle Mines Limited will post 3.16 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. BMO Capital Markets cut their price target on Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, June 20th. CIBC boosted their price target on Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research note on Wednesday. National Bank Financial reiterated an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Scotiabank boosted their price objective on shares of Agnico Eagle Mines from $71.00 to $81.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 23rd. Finally, TD Securities boosted their price objective on shares of Agnico Eagle Mines from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.44.

Agnico Eagle Mines 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.