Baader Bank Aktiengesellschaft Has $313,000 Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Baader Bank Aktiengesellschaft lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 30.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,000 shares of the mining company’s stock after selling 1,756 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Agnico Eagle Mines were worth $313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Agnico Eagle Mines by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,854 shares of the mining company’s stock worth $91,681,000 after acquiring an additional 32,991 shares during the last quarter. Bridgewater Associates LP lifted its position in shares of Agnico Eagle Mines by 123.2% during the third quarter. Bridgewater Associates LP now owns 204,168 shares of the mining company’s stock valued at $16,448,000 after purchasing an additional 112,712 shares in the last quarter. Caldwell Investment Management Ltd. boosted its holdings in Agnico Eagle Mines by 12.0% during the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company’s stock worth $6,812,000 after purchasing an additional 9,400 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Agnico Eagle Mines by 14.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 225,965 shares of the mining company’s stock worth $18,223,000 after purchasing an additional 29,106 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Agnico Eagle Mines by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock valued at $183,491,000 after buying an additional 178,999 shares during the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Trading Up 4.7 %

Shares of AEM opened at $94.38 on Friday. The firm has a market cap of $47.40 billion, a P/E ratio of 47.19, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $94.77. 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 business has a 50-day moving average of $83.52 and a 200 day moving average of $81.41.

Analyst Ratings Changes

A number of analysts recently commented on the company. Scotiabank increased their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Jefferies Financial Group boosted their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.50.

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.