Montrusco Bolton Investments 13F: Cuts AEM Stake by $12M

Montrusco Bolton Investments has cut its stake in Agnico Eagle Mines Limited (NYSE:AEM) by about 43%, according to its latest Form 13F filing with the SEC. The investment firm sold 63,018 shares during the period, bringing its total holdings down to 83,567 shares. These shares are valued at approximately $15.3 million.

What Changed in Montrusco Bolton's Agnico Eagle Mines Position

Montrusco Bolton Investments reduced its position in Agnico Eagle Mines by 42.9%. The firm now holds 83,567 shares, down from 146,585 shares previously. This adjustment reflects a decrease of 63,018 shares, with the current value of the holding at $15.3 million.

Agnico Eagle Mines Limited Stock Down 5.1%

Agnico Eagle Mines Limited, a key player in the gold mining sector, has a market capitalization nearing $100 billion. The company's stock has a P/E ratio of 16.9 and a beta of 0.668, suggesting lower volatility compared to the market. Over the past 52 weeks, shares have ranged from $134.38 to $255.24. The stock's 50-day moving average is $179.16, while the 200-day moving average stands at $188.11. Agnico Eagle Mines maintains a current ratio of 2.86 and a quick ratio of 1.90, with a debt-to-equity ratio of 1.12.

Recent Earnings

Agnico Eagle Mines reported a revenue of approximately $14.5 billion, with a revenue growth rate of 35%. The company's net margin is 40.4%, and it has a return on equity of 22.97%. The next earnings report is expected on October 28, 2026.

Dividend

Agnico Eagle Mines offers an annual dividend rate of $1.80, providing a yield of 0.9%. The dividend payout ratio is a modest 14.55%.

About Agnico Eagle Mines Limited

Agnico Eagle Mines Limited is a gold mining company that explores, develops, and produces precious metals. The company operates mines in Canada, Australia, Finland, and Mexico, and engages in exploration activities across several regions, including Europe and the United States. Founded in 1953, Agnico Eagle is headquartered in Toronto, Canada, and is led by CEO Ammar Al-Joundi.

Bottom Line

Montrusco Bolton's decision to reduce its stake in Agnico Eagle Mines highlights the dynamic nature of institutional investments. While this move indicates a significant reduction, it's important to remember that 13F filings are backward-looking and may not reflect current positions. Investors often watch these filings to gauge sentiment and potential shifts in institutional confidence.