Agnico Eagle (AEM) Stock “Hold” Rating Reaffirmed at BMO Capital; The Price Target Given is $47.0; Tocqueville Asset Management LP Has Decreased Its Western Digital (WDC) Position

November 15, 2017 - By Stephen Andrade

Tocqueville Asset Management Lp decreased Western Digital Corporation (WDC) stake by 39.36% reported in 2017Q2 SEC filing. Tocqueville Asset Management Lp sold 17,280 shares as Western Digital Corporation

(WDC)’s stock rose 15.69%. The Tocqueville Asset Management Lp holds 26,619 shares with $2.36 million value, down from 43,899 last quarter. Western Digital Corporation now has $27.03B valuation. The stock declined 0.63% or $0.58 reaching $91 per share. About 7,843 shares traded. Western Digital Corp (NASDAQ:WDC) has risen 125.85% since November 15, 2016 and is uptrending. It has outperformed by 109.15% the S&P500.

Among 16 analysts covering Agnico-Eagle Mines (NYSE:AEM), 10 have Buy rating, 1 Sell and 5 Hold. Therefore 63% are positive. Agnico-Eagle Mines has $64 highest and $25.90 lowest target. $45.74’s average target is 0.75% above currents $45.4 stock price. Agnico-Eagle Mines had 43 analyst reports since July 24, 2015 according to SRatingsIntel. IBC initiated the stock with “Sector Outperform” rating in Friday, July 24 report. The company was downgraded on Wednesday, January 13 by TD Securities. As per Thursday, May 12, the company rating was downgraded by BMO Capital Markets. JP Morgan downgraded Agnico Eagle Mines Ltd (USA) (NYSE:AEM) rating on Monday, April 18. JP Morgan has “Neutral” rating and $39 target. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has “Market Perform” rating given on Monday, March 14 by Raymond James. On Monday, June 12 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm earned “Buy” rating on Tuesday, September 8 by HSBC. On Tuesday, August 11 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was maintained by BMO Capital Markets with “Hold” on Sunday, October 1. The firm has “Hold” rating given on Thursday, October 19 by TD Securities.

Analysts await Agnico Eagle Mines Ltd (USA) (NYSE:AEM) to report earnings on February, 21. They expect $0.17 EPS, up 750.00% or $0.15 from last year’s $0.02 per share. AEM’s profit will be $39.47M for 66.76 P/E if the $0.17 EPS becomes a reality. After $0.28 actual EPS reported by Agnico Eagle Mines Ltd (USA) for the previous quarter, Wall Street now forecasts -39.29% negative EPS growth.

Agnico Eagle Mines Ltd is a Canada-based gold producer with mining activities in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. The company has market cap of $10.54 billion. It operates through the business units: Northern Business, which consists of its activities in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its activities in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions. It has a 38.65 P/E ratio.

The stock increased 0.78% or $0.35 during the last trading session, reaching $45.4. About shares traded. Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has risen 7.82% since November 15, 2016 and is uptrending. It has underperformed by 8.88% the S&P500.

Tocqueville Asset Management Lp increased Mondelez Intl Inc (NASDAQ:MDLZ) stake by 270,874 shares to 288,342 valued at $12.45M in 2017Q2. It also upped Credit Suisse Grp Ag F Adr (NYSE:CS) stake by 282,368 shares and now owns 1.16M shares. Durect Corporation (NASDAQ:DRRX) was raised too.

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital had 140 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Western Digital Corp (NASDAQ:WDC) has “Buy” rating given on Friday, October 27 by Cowen & Co. Jefferies maintained Western Digital Corp (NASDAQ:WDC) rating on Friday, May 27. Jefferies has “Buy” rating and $54 target. The rating was maintained by KeyBanc Capital Markets on Sunday, August 27 with “Hold”. Cowen & Co maintained it with “Buy” rating and $11700 target in Monday, July 17 report. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, July 30 report. Benchmark maintained Western Digital Corp (NASDAQ:WDC) on Thursday, July 30 with “Buy” rating. The stock has “Buy” rating by Deutsche Bank on Wednesday, October 21. As per Wednesday, June 21, the company rating was maintained by Benchmark. On Thursday, July 30 the stock rating was maintained by Maxim Group with “Buy”. The stock of Western Digital Corp (NASDAQ:WDC) earned “Buy” rating by Mizuho on Wednesday, January 18.

Since May 18, 2017, it had 0 buys, and 2 sales for $1.01 million activity. CORDANO MICHAEL D sold 11,322 shares worth $962,385. Shares for $48,365 were sold by RAY MICHAEL CHARLES on Friday, June 2. The insider BHATIA MANISH H sold $612,625.

Investors sentiment increased to 1.12 in Q2 2017. Its up 0.11, from 1.01 in 2017Q1. It is positive, as 41 investors sold WDC shares while 243 reduced holdings. 101 funds opened positions while 216 raised stakes. 233.59 million shares or 1.07% more from 231.11 million shares in 2017Q1 were reported. Profund Advsr Limited Liability Co reported 0.1% in Western Digital Corp (NASDAQ:WDC). Whittier Trust Com owns 0% invested in Western Digital Corp (NASDAQ:WDC) for 123 shares. Stevens LP has 72,955 shares. Eqis Cap Mngmt owns 30,731 shares for 0.16% of their portfolio. National Registered Investment Advisor has 0.33% invested in Western Digital Corp (NASDAQ:WDC). The New Jersey-based Strategy Asset Managers Ltd Llc has invested 0.07% in Western Digital Corp (NASDAQ:WDC). Amica Pension Fund Board Of Trustees holds 14,309 shares or 0.16% of its portfolio. 17,008 were accumulated by Agf America. Inv Centers Of America holds 0.02% of its portfolio in Western Digital Corp (NASDAQ:WDC) for 3,403 shares. Commerce National Bank invested in 0.01% or 7,078 shares. Barclays Public Ltd Liability Company reported 382,916 shares. Jnba Advisors owns 16 shares. Tokio Marine Asset Mgmt Company Limited holds 0.04% or 3,491 shares in its portfolio. Paragon Management invested 0.11% of its portfolio in Western Digital Corp (NASDAQ:WDC). Lyon Street Cap Limited Liability Company invested in 1.4% or 39,186 shares.

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