Agnico Eagle Mines Limited (NYSE:AEM) Shares Bought by Assetmark Inc.

Assetmark Inc. raised its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 30.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,363 shares of the mining company’s stock after purchasing an additional 554 shares during the quarter. Assetmark Inc.’s holdings in Agnico Eagle Mines were worth $190,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sapient Capital LLC boosted its position in Agnico Eagle Mines by 1.3% in the third quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock valued at $886,000 after buying an additional 145 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Agnico Eagle Mines by 2.2% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,217 shares of the mining company’s stock valued at $472,000 after acquiring an additional 158 shares during the last quarter. Azzad Asset Management Inc. ADV raised its holdings in shares of Agnico Eagle Mines by 0.3% during the second quarter. Azzad Asset Management Inc. ADV now owns 61,820 shares of the mining company’s stock worth $4,043,000 after purchasing an additional 189 shares during the last quarter. Lombard Odier Asset Management Europe Ltd raised its holdings in shares of Agnico Eagle Mines by 0.4% during the second quarter. Lombard Odier Asset Management Europe Ltd now owns 49,651 shares of the mining company’s stock worth $3,248,000 after purchasing an additional 190 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its position in Agnico Eagle Mines by 4.8% during the second quarter. Baader Bank Aktiengesellschaft now owns 4,192 shares of the mining company’s stock valued at $269,000 after purchasing an additional 192 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank of Canada lifted their price objective on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Scotiabank upped their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. UBS Group started coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective 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. Finally, TD Securities lifted their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.78.

Agnico Eagle Mines Trading Down 1.1 %

Shares of Agnico Eagle Mines stock opened at $76.76 on Friday. 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 twelve month low of $44.37 and a twelve month high of $89.00. The firm has a market capitalization of $38.51 billion, a PE ratio of 38.38, a P/E/G ratio of 0.66 and a beta of 1.09. The firm’s 50-day moving average price is $82.43 and its 200 day moving average price is $75.42.

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.