Sapient Capital LLC Sells 5,980 Shares of Agnico Eagle Mines Limited $AEM

Sapient Capital LLC cut its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 54.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,004 shares of the mining company’s stock after selling 5,980 shares during the period. Sapient Capital LLC’s holdings in Agnico Eagle Mines were worth $595,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AEM. Baron Wealth Management LLC purchased a new stake in shares of Agnico Eagle Mines during the second quarter valued at about $204,000. Parallel Advisors LLC lifted its position in shares of Agnico Eagle Mines by 8.2% during the second quarter. Parallel Advisors LLC now owns 1,871 shares of the mining company’s stock valued at $223,000 after buying an additional 142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Agnico Eagle Mines by 238.2% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,370 shares of the mining company’s stock valued at $876,000 after buying an additional 5,191 shares during the last quarter. Confluence Investment Management LLC raised its position in shares of Agnico Eagle Mines by 0.9% in the 2nd quarter. Confluence Investment Management LLC now owns 20,390 shares of the mining company’s stock valued at $2,425,000 after purchasing an additional 172 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its position in shares of Agnico Eagle Mines by 1.4% in the 2nd quarter. Harbor Investment Advisory LLC now owns 18,029 shares of the mining company’s stock valued at $2,144,000 after purchasing an additional 257 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. National Bankshares reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. CIBC reaffirmed an “outperform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, July 15th. Bank of America increased their price objective on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Royal Bank Of Canada increased their price objective on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Finally, TD Securities raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Thursday, July 17th. Five equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average price target of $136.90.

Agnico Eagle Mines Stock Up 0.6%

Shares of NYSE:AEM opened at $153.26 on Thursday. The business has a 50-day moving average price of $135.38 and a 200 day moving average price of $120.84. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $77.06 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 1.03 and a beta of 0.45. Agnico Eagle Mines Limited has a 12-month low of $75.17 and a 12-month high of $156.18.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period last year, the company earned $1.07 EPS. Sell-side analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

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.