Natixis Advisors LLC Has $6.98 Million Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Natixis Advisors LLC lifted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,621 shares of the mining company’s stock after buying an additional 7,099 shares during the period. Natixis Advisors LLC’s holdings in Agnico Eagle Mines were worth $6,978,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AEM. Manning & Napier Advisors LLC bought a new stake in shares of Agnico Eagle Mines in the second quarter worth $2,595,000. Tidal Investments LLC grew its stake in shares of Agnico Eagle Mines by 87.8% in the first quarter. Tidal Investments LLC now owns 20,598 shares of the mining company’s stock worth $1,195,000 after purchasing an additional 9,628 shares during the last quarter. M&G Plc bought a new stake in shares of Agnico Eagle Mines in the second quarter worth $1,802,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Agnico Eagle Mines in the second quarter worth $7,084,000. Finally, Gunderson Capital Management Inc. bought a new stake in shares of Agnico Eagle Mines in the third quarter worth $3,583,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $83.57 on Friday. The firm’s 50-day moving average price is $82.65 and its 200-day moving average price is $75.83. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year high of $89.00. The firm has a market capitalization of $41.96 billion, a P/E ratio of 41.79, a P/E/G ratio of 0.72 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.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AEM. Royal Bank of Canada boosted their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Scotiabank upped their price target on shares of 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 upped 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 report on Friday, October 4th. UBS Group started 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, TD Securities upped 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and a consensus 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.