Versant Capital Management Inc Acquires Shares of 332 Agnico Eagle Mines Limited (NYSE:AEM)

Versant Capital Management Inc acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) in the 4th quarter, Holdings Channel.com reports. The fund acquired 332 shares of the mining company’s stock, valued at approximately $26,000.

Other large investors have also recently made changes to their positions in the company. FMR LLC grew its position in Agnico Eagle Mines by 43.5% in the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after acquiring an additional 4,562,005 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Agnico Eagle Mines by 1.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 13,281,926 shares of the mining company’s stock valued at $868,638,000 after purchasing an additional 134,872 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Agnico Eagle Mines by 16.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company’s stock worth $474,660,000 after acquiring an additional 817,240 shares in the last quarter. National Bank of Canada FI increased its position in shares of Agnico Eagle Mines by 7.4% during the third quarter. National Bank of Canada FI now owns 4,155,349 shares of the mining company’s stock worth $334,749,000 after purchasing an additional 285,565 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Agnico Eagle Mines by 17.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock valued at $326,571,000 after buying an additional 591,178 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Up 1.8 %

Shares of AEM stock opened at $81.11 on Wednesday. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve month high of $89.00. The stock has a market cap of $40.71 billion, a P/E ratio of 40.56, a P/E/G ratio of 0.68 and a beta of 1.08. The stock has a 50 day moving average of $81.97 and a 200 day moving average of $79.39. 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 Analyst Weigh In

AEM has been the topic of a number of recent analyst reports. UBS Group assumed coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target on the stock. 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. Finally, Jefferies Financial Group increased their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average target price of $87.11.

Agnico Eagle Mines Company 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.