Zweig DiMenna Associates LLC Has $4.14 Million Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Zweig DiMenna Associates LLC cut its holdings in Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 34.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,915 shares of the mining company’s stock after selling 28,085 shares during the quarter. Zweig DiMenna Associates LLC’s holdings in Agnico Eagle Mines were worth $4,138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AEM. FMR LLC increased its holdings in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Agnico Eagle Mines by 16.1% during the third 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. National Bank of Canada FI increased its stake in shares of Agnico Eagle Mines by 7.4% in the third quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock valued at $334,749,000 after buying an additional 285,565 shares during the period. The Manufacturers Life Insurance Company raised its holdings in 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 valued at $326,571,000 after buying an additional 591,178 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Agnico Eagle Mines by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock worth $183,491,000 after buying an additional 178,999 shares during the period. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AEM. Scotiabank upped their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday. Jefferies Financial Group increased their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.50.

Read Our Latest Stock Report on Agnico Eagle Mines

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $89.66 on Friday. The firm’s fifty day simple moving average is $82.56 and its two-hundred day simple moving average is $80.78. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $90.49. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $45.03 billion, a P/E ratio of 44.73, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08.

About Agnico Eagle Mines

(Free Report)

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.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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