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Mario Gabelli and Jean-Marie Eveillard's Real Time Increases

July 02, 2013 | About:
Monica Wolfe

Monica Wolfe

122 followers
Two Gurus made increases to their portfolios as noted by GuruFocus Real Time Picks. These gurus are Jean-Marie Eveillard of First Eagle Investment Management and Mario Gabelli of GAMCO Investors.

Jean-Marie Eveillard


Eveillard increased his holdings in Agnico Eagle Mines (AEM) on June 30. Eveillard bought a total of 6,849,198 shares representing a 60.58% increase on his holdings. He purchased these shares at an average price of $27.54 per share. Since his buy, the price per share has decreased approximately 2%.

Eveillard’s holding history as of March 31:



Eveillard is now a 10% owner of Agnico. Jean-Marie Eveillard now owns 18,154,432 shares of Agnico Eagle Mines, representing 10.52% of the company’s shares outstanding.

The company is a gold producer with operations located in Quebec and Finland, and exploration and development activities in Canada, Finland, Mexico and the U.S. The company operates through four regional units: the Quebec Region, the European Region, the Mexican Region and the Nunavut Region.

Agnico Eagle Mines’ historical price, revenue and net income:

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The analysis on the company reports:

· The gross and operating margins have been in long-term decline.

· The dividend yield is close to a 10-year high.

· The P/E, P/S and P/B ratios are all close to 10-year lows.

· The revenue growth has slowed down in the past year.

Agnico Eagle Mines has a market cap of $4.33 billion; its shares were traded at around $27.03 with a P/E ratio of 18.20 and a P/S ratio of 2.50. The dividend yield for Agnico is at 3.10%. The company had an annual average earnings growth of 29.7% over the past 10 years. GuruFocus rated Agnico the business predictability rank of 4-star.

Agnico Eagle Mines is currently trading at a 52-week low price.

There are currently eight gurus that hold a stake in Agnico Eagle Mines. Click here to see their holding histories.

Mario Gabelli

Mario Gabelli upped his holdings in Cutera Inc. (CUTR) on July 1. Gabelli increased his position by 11.3% by adding 65,000 shares. He purchased these shares at an average price of $8.90 per share. Since his most recent buy, the price per share has increased approximately 3%.

Gabelli’s holding history as of March 31:



Gabelli now owns a total of 640,000 shares of Cutera, representing 4.4% of the company’s shares outstanding.

Cutera is a global medical device company specializing in the design, development, manufacture, marketing and servicing of laser and light-based aesthetics systems for practitioners worldwide.

Cutera’s historical price, revenue and net income:

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The analysis on Cutera reports:

· The revenue has been in decline for the past five years.

· The company has no debt.

· The gross margin has been in long-term decline. The average rate of decline per year is 3.5%.

Cutera has a market cap of $135 million; its shares were traded at around $9.16 with a P/S ratio of 1.70. The company had an annual average earnings growth of 15.5% over the past five years.

Four gurus maintain holdings in Cutera. Click here to see their holding histories.

You can view the complete list of guru real-time picks here. Also, if you haven’t tried out the GuruFocus Premium Membership, try a free 7-day trial here.

Rating: 3.0/5 (3 votes)

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