Crossmark Global Holdings Inc. Raises Stock Position in Agnico Eagle Mines Limited (NYSE:AEM)

Crossmark Global Holdings Inc. raised its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,157 shares of the mining company’s stock after buying an additional 603 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Agnico Eagle Mines were worth $2,124,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in Agnico Eagle Mines by 43.5% in the third quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock valued at $1,213,311,000 after buying an additional 4,562,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased 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 purchasing an additional 817,240 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Agnico Eagle Mines by 7.4% during the 3rd 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. The Manufacturers Life Insurance Company increased its stake in shares of 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 worth $326,571,000 after purchasing an additional 591,178 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Agnico Eagle Mines by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company’s stock worth $183,491,000 after purchasing an additional 178,999 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AEM. Scotiabank raised their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Tuesday. Jefferies Financial Group raised their price objective on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.50.

Agnico Eagle Mines Stock Down 0.6 %

Shares of NYSE AEM opened at $88.67 on Friday. Agnico Eagle Mines Limited has a 1 year low of $44.37 and a 1 year high of $90.49. The firm’s 50 day moving average price is $82.56 and its 200 day moving average price is $80.78. The firm has a market cap of $44.53 billion, a P/E ratio of 44.33, a price-to-earnings-growth ratio of 0.59 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75.

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.