Northwest & Ethical Investments L.P. Has $5.29 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Northwest & Ethical Investments L.P. reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,611 shares of the mining company’s stock after selling 2,863 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Agnico Eagle Mines were worth $5,286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Manning & Napier Advisors LLC bought a new position in Agnico Eagle Mines during the 2nd quarter worth approximately $2,595,000. Charles Schwab Investment Management Inc. raised its stake in Agnico Eagle Mines by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock worth $91,681,000 after buying an additional 32,991 shares during the last quarter. Tidal Investments LLC lifted its holdings in Agnico Eagle Mines by 87.8% in the first quarter. Tidal Investments LLC now owns 20,598 shares of the mining company’s stock valued at $1,195,000 after buying an additional 9,628 shares during the period. M&G Plc bought a new stake in Agnico Eagle Mines during the second quarter valued at $1,802,000. Finally, Swiss National Bank grew its holdings in Agnico Eagle Mines by 0.6% during the 3rd quarter. Swiss National Bank now owns 1,506,558 shares of the mining company’s stock worth $121,558,000 after acquiring an additional 9,400 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AEM shares. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, October 4th. UBS Group started coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target on the stock. 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 research note on Friday, August 2nd. Scotiabank increased their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Finally, Royal Bank of Canada lifted their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus 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 $83.55 on Friday. The business has a 50 day moving average price of $82.74 and a 200-day moving average price of $76.35. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The company has a market cap of $41.95 billion, a PE ratio of 41.78, a price-to-earnings-growth ratio of 0.70 and a beta of 1.09.

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.