Pathstone Holdings LLC Has $1.33 Million Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Pathstone Holdings LLC boosted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,468 shares of the mining company’s stock after buying an additional 230 shares during the quarter. Pathstone Holdings LLC’s holdings in Agnico Eagle Mines were worth $1,327,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AEM. TD Asset Management Inc boosted its holdings in Agnico Eagle Mines by 10.3% in the second quarter. TD Asset Management Inc now owns 5,852,648 shares of the mining company’s stock valued at $382,720,000 after acquiring an additional 546,542 shares during the last quarter. Progeny 3 Inc. bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at $18,151,000. Canada Pension Plan Investment Board boosted its stake in shares of Agnico Eagle Mines by 14.7% in 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 purchasing an additional 252,300 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Agnico Eagle Mines by 4.1% during the second quarter. CIBC Asset Management Inc now owns 6,083,606 shares of the mining company’s stock worth $397,657,000 after buying an additional 237,347 shares during the period. Finally, Cadinha & Co. LLC raised its stake in Agnico Eagle Mines by 1,178.2% during the third quarter. Cadinha & Co. LLC now owns 232,318 shares of the mining company’s stock worth $18,716,000 after buying an additional 214,143 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $83.55 on Friday. The company has a market cap of $41.95 billion, a P/E ratio of 41.78, a PEG ratio of 0.70 and a beta of 1.09. The company has a fifty day simple moving average of $82.74 and a 200 day simple moving average of $76.35. 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 $89.00.

Analyst Ratings Changes

A number of brokerages have weighed in on AEM. UBS Group assumed coverage on Agnico Eagle Mines in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target for the company. Jefferies Financial Group lifted their target price on Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, October 4th. TD Securities increased their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Scotiabank raised their price objective on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Finally, Royal Bank of Canada boosted their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.78.

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.