Galibier Capital Management Ltd. Has $28.73 Million Position in Agnico Eagle Mines Limited (NYSE:AEM)

Galibier Capital Management Ltd. cut its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,446 shares of the mining company’s stock after selling 62,466 shares during the quarter. Agnico Eagle Mines accounts for approximately 8.2% of Galibier Capital Management Ltd.’s holdings, making the stock its 2nd largest position. Galibier Capital Management Ltd.’s holdings in Agnico Eagle Mines were worth $28,732,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AEM. Envestnet Asset Management Inc. grew its stake in shares of Agnico Eagle Mines by 1.9% in the second quarter. Envestnet Asset Management Inc. now owns 327,063 shares of the mining company’s stock worth $21,390,000 after acquiring an additional 6,043 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Agnico Eagle Mines by 29.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,168 shares of the mining company’s stock worth $724,000 after purchasing an additional 2,561 shares during the last quarter. Seven Eight Capital LP purchased a new stake in Agnico Eagle Mines during the 2nd quarter valued at $1,170,000. XTX Topco Ltd purchased a new stake in Agnico Eagle Mines during the 2nd quarter valued at $1,136,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Agnico Eagle Mines by 14.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,966,837 shares of the mining company’s stock valued at $128,617,000 after buying an additional 252,300 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lifted their price objective on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and an average price target of $89.13.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $85.12 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The stock has a 50-day simple moving average of $81.70 and a two-hundred day simple moving average of $80.22. The firm has a market capitalization of $42.72 billion, a PE ratio of 42.56, a P/E/G ratio of 0.56 and a beta of 1.08. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $89.00.

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.