Wilmington Savings Fund Society FSB Lowers Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Wilmington Savings Fund Society FSB cut its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,519 shares of the mining company’s stock after selling 1,053 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Agnico Eagle Mines were worth $1,683,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AEM. FMR LLC increased its stake 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 worth $1,213,311,000 after buying an additional 4,562,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 valued at $474,660,000 after purchasing an additional 817,240 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Agnico Eagle Mines by 262.5% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,060,402 shares of the mining company’s stock valued at $85,413,000 after purchasing an additional 767,912 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Agnico Eagle Mines by 17.1% in the third quarter. The Manufacturers Life Insurance Company now owns 4,051,140 shares of the mining company’s stock worth $326,571,000 after buying an additional 591,178 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in 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 valued at $334,749,000 after buying an additional 285,565 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Trading Down 0.6 %

NYSE AEM opened at $98.34 on Monday. The stock has a market cap of $49.39 billion, a PE ratio of 49.17, a PEG ratio of 0.66 and a beta of 1.10. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $100.07. The company’s 50-day moving average price is $85.07 and its 200-day moving average price is $82.41.

Analyst Upgrades and Downgrades

AEM has been the topic of several recent research reports. Jefferies Financial Group upped 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. Scotiabank lifted their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.50.

Agnico Eagle Mines 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.