1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Sally Jones
Sally Jones
Articles (580) 

AEM Spikes - Agnico Eagle Pours Gold

October 25, 2013 | About:

The once-troubled Agnico Eagle Mines Ltd. (NYSE:AEM) is hitting a new record for gold production in the third quarter at 315,828 ounces, according to the Financial Post, and the company’s executives are buying. Here’s a third quarter company update and a look at billionaire stakeholders of AEM, a stock that spiked 23.66% over the past five days.

U.S. Industry Sector: Metals & Mining

Highlight: Agnico Eagle Mines Ltd. (NYSE:AEM)

The current AEM share price is $31.10. The dividend yield is 2.82%.

Down 44% over 12 months, Agnico Eagle Mines Ltd. has a market cap of $5.39 billion, and trades at a P/E of 29.00 and a P/B of 1.60.

Agnico Eagle Mines Ltd. is a gold producer that also explores for silver, copper, zinc, and lead. Agnico’s LaRonde mine, located in the Abitibi region of Quebec, estimates reserves of around 4.2 million ounces of gold. The company was incorporated in Canada in 1972.

Agnico Eagle Mines Inc. reported financial results for the third quarter of 2013 with adjusted earnings at $60.5 million and earnings per share at $0.35. Quarterly net income was down year-over-year at $47.3 million. In the same quarter last year, Agnico reported net income of $106.3 million.

Guru Stakeholders: As of the second quarter of 2013, Jean-Marie Eveillard of First Eagle Investment Management is the top guru owner with 18,154,432 shares, representing 10.48% of shares outstanding. The firm increased its position by 60.58% in the second quarter of 2013, buying 6,849,198 shares at an average price of $31.59, for a loss of 7.5%.

The five-year trading history shows all losing quarters. Overall, the firm averaged a loss of 26% on 19,035,721 shares bought at an average price of $39.52 per share. The firm also lost 44% on 881,289 shares sold at an average price of $52.49 per share.

Guru Ray Dalio also increased his position in the second quarter by 369.18%, buying 81,958 shares at an average price of $31.59 per share, losing 1.6%.

Dalio averaged a loss of 17% on 112,399 shares bought at an average price of $37.55 per share. Selling 8,241 shares at an average price of $44.25 per share, Ray Dalio took a loss of 30%.

His current shares of 104,158 represent 0.06% of shares outstanding.

Guru Steven Cohen was the only guru to sell out his AEM holding in the second quarter of 2103. After five years of mostly double-digit losses, Cohen unloaded 31,816 shares at an average price of $31.59 per share, taking a loss of 1.6%.

Check out the other AEM stakeholders and very active insider trading.

Read more about John Paulson’s AEM and Agnico’s Goldex mine.

Historical share price, revenue and net income tracking:


If you are not yet a Premium Member, try a 7-day Free Trial.

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.


About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 5.0/5 (1 vote)


Please leave your comment:

GuruFocus has detected 4 Warning Signs with Agnico Eagle Mines Ltd $AEM.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Sally Jones

User Generated Screeners

star1907Good company's
star1907Best dividends charlie
cspunarSpunar Div
patelmhMY VALUE
rael2222prova dcf
liuzishuoverwrite 'Dividend Initiation
liuzishuDividend Initiation
pbarker46Dividend Growth
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat