Aureus Asset Management LLC Sells 155 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Aureus Asset Management LLC reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.6% during the 3rd quarter, Holdings Channel reports. The firm owned 5,791 shares of the mining company’s stock after selling 155 shares during the period. Aureus Asset Management LLC’s holdings in Agnico Eagle Mines were worth $467,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AEM. FMR LLC boosted its position in shares of Agnico Eagle Mines by 43.5% in the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock worth $1,213,311,000 after purchasing an additional 4,562,005 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Agnico Eagle Mines by 16.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock worth $474,660,000 after purchasing an additional 817,240 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Agnico Eagle Mines by 262.5% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company’s stock worth $85,413,000 after purchasing an additional 767,912 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Agnico Eagle Mines by 17.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock worth $326,571,000 after purchasing an additional 591,178 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in Agnico Eagle Mines by 10.3% during the second quarter. TD Asset Management Inc now owns 5,852,648 shares of the mining company’s stock worth $382,720,000 after acquiring an additional 546,542 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AEM has been the topic of several recent analyst reports. UBS Group initiated coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 target price on the stock. Scotiabank lifted their target price on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group lifted their target price on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada lifted their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $84.42 on Monday. The firm has a market cap of $42.38 billion, a price-to-earnings ratio of 42.21, a price-to-earnings-growth ratio of 0.66 and a beta of 1.09. The stock’s 50-day moving average is $82.80 and its 200-day moving average is $76.57. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $89.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83.

Agnico Eagle Mines Company 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.