Assetmark Inc. Grows Position in Agnico Eagle Mines Limited (NYSE:AEM)

Assetmark Inc. grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 30.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,363 shares of the mining company’s stock after buying 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.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Acadian Asset Management LLC lifted its stake in Agnico Eagle Mines by 12.5% in the 1st quarter. Acadian Asset Management LLC now owns 7,200 shares of the mining company’s stock worth $429,000 after purchasing an additional 799 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in Agnico Eagle Mines by 1,244.4% during the first quarter. Hillsdale Investment Management Inc. now owns 12,100 shares of the mining company’s stock worth $720,000 after buying an additional 11,200 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Agnico Eagle Mines by 5.6% during the first quarter. Clearbridge Investments LLC now owns 2,546,594 shares of the mining company’s stock worth $151,904,000 after buying an additional 135,351 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in Agnico Eagle Mines by 89.2% during the first quarter. UniSuper Management Pty Ltd now owns 7,000 shares of the mining company’s stock worth $418,000 after buying an additional 3,300 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in Agnico Eagle Mines by 27.9% in the 1st quarter. National Bank of Canada FI now owns 4,007,554 shares of the mining company’s stock valued at $239,051,000 after buying an additional 874,920 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Down 1.1 %

Shares of NYSE AEM opened at $76.76 on Friday. 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 business’s 50 day moving average is $82.43 and its two-hundred day moving average is $75.42. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $89.00. The firm has a market cap of $38.51 billion, a price-to-earnings ratio of 38.38, a PEG ratio of 0.66 and a beta of 1.09.

Analyst Upgrades and Downgrades

AEM has been the topic of several recent research reports. TD Securities boosted their price target on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Scotiabank boosted their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group increased their price target 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. UBS Group assumed 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 target on the stock. Finally, Royal Bank of Canada raised their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. One investment 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, the company currently has an average rating of “Moderate Buy” and an average price target 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.