HighTower Advisors LLC Has $4.04 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

HighTower Advisors LLC boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 10.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,066 shares of the mining company’s stock after purchasing an additional 4,865 shares during the quarter. HighTower Advisors LLC’s holdings in Agnico Eagle Mines were worth $4,035,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Continuum Advisory LLC grew its holdings in Agnico Eagle Mines by 1,134.4% in the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock worth $26,000 after purchasing an additional 363 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of Agnico Eagle Mines during the second quarter valued at about $32,000. FSC Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the third quarter valued at about $32,000. McClarren Financial Advisors Inc. grew its holdings in shares of Agnico Eagle Mines by 684.6% during the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock valued at $41,000 after buying an additional 445 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in shares of Agnico Eagle Mines during the second quarter valued at about $52,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AEM shares. Scotiabank lifted their price objective 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 lifted their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a report on Friday, October 4th. Royal Bank of Canada lifted their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, UBS Group began 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. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and an average price target of $86.78.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $87.36 on Thursday. The firm has a market cap of $43.86 billion, a price-to-earnings ratio of 43.68, a P/E/G ratio of 0.65 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00. The firm’s 50-day simple moving average is $83.17 and its two-hundred day simple moving average is $77.46.

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.