Farther Finance Advisors LLC Has $358,000 Position in Agnico Eagle Mines Limited (NYSE:AEM)

Farther Finance Advisors LLC decreased its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 9.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,443 shares of the mining company’s stock after selling 469 shares during the quarter. Farther Finance Advisors LLC’s holdings in Agnico Eagle Mines were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AEM. Manning & Napier Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 2nd quarter valued at about $2,595,000. Capital Wealth Planning LLC lifted its position in Agnico Eagle Mines by 62.3% in the 1st quarter. Capital Wealth Planning LLC now owns 2,620,345 shares of the mining company’s stock worth $156,304,000 after buying an additional 1,006,001 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Agnico Eagle Mines in the 1st quarter worth approximately $878,000. Tidal Investments LLC boosted its stake in shares of Agnico Eagle Mines by 87.8% during the 1st 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. Finally, M&G Plc purchased a new position in shares of Agnico Eagle Mines during the 2nd quarter valued at $1,802,000. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Up 2.8 %

Shares of NYSE AEM opened at $85.54 on Friday. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year high of $89.00. The company has a 50-day moving average of $82.56 and a two-hundred day moving average of $74.75. The company has a market cap of $42.92 billion, a PE ratio of 42.77, a P/E/G 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.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AEM. Scotiabank lifted their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group boosted their price target 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 initiated coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price objective on the stock. Royal Bank of Canada boosted their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, TD Securities increased their price target on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.78.

About Agnico Eagle Mines

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.