Harvest Portfolios Group Inc. Sells 801 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Harvest Portfolios Group Inc. trimmed its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 9.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,540 shares of the mining company’s stock after selling 801 shares during the period. Harvest Portfolios Group Inc.’s holdings in Agnico Eagle Mines were worth $607,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp lifted its stake in Agnico Eagle Mines by 0.3% during the second quarter. Van ECK Associates Corp now owns 22,320,085 shares of the mining company’s stock worth $1,459,741,000 after purchasing an additional 58,681 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Agnico Eagle Mines by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 13,281,926 shares of the mining company’s stock worth $868,638,000 after buying an additional 134,872 shares during the period. Capital World Investors boosted its stake in Agnico Eagle Mines by 0.8% in the 1st quarter. Capital World Investors now owns 9,769,275 shares of the mining company’s stock valued at $582,529,000 after buying an additional 79,275 shares in the last quarter. First Eagle Investment Management LLC grew its position in Agnico Eagle Mines by 10.8% in the first quarter. First Eagle Investment Management LLC now owns 6,891,385 shares of the mining company’s stock valued at $411,106,000 after acquiring an additional 672,503 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Agnico Eagle Mines by 4.1% during the second quarter. CIBC Asset Management Inc now owns 6,083,606 shares of the mining company’s stock worth $397,657,000 after acquiring an additional 237,347 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Royal Bank of Canada upped their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. CIBC lifted their target price on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. TD Securities increased their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Scotiabank raised their price target on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $83.19 on Thursday. The company has a market cap of $41.74 billion, a PE ratio of 42.91, a PEG ratio of 0.74 and a beta of 1.09. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 1 year low of $44.37 and a 1 year high of $89.00. The company’s 50-day moving average is $82.45 and its two-hundred day moving average is $74.61.

Agnico Eagle Mines 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.