Agnico Eagle Mines Limited (NYSE:AEM) Stock Holdings Decreased by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,597 shares of the mining company’s stock after selling 950 shares during the quarter. Moran Wealth Management LLC’s holdings in Agnico Eagle Mines were worth $1,418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the 2nd quarter worth approximately $2,595,000. Tidal Investments LLC boosted its holdings in Agnico Eagle Mines by 87.8% in the first quarter. Tidal Investments LLC now owns 20,598 shares of the mining company’s stock worth $1,195,000 after purchasing an additional 9,628 shares during the period. M&G Plc bought a new stake in Agnico Eagle Mines during the second quarter valued at $1,802,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Agnico Eagle Mines during the second quarter worth $7,084,000. Finally, Swiss National Bank boosted its holdings in shares of Agnico Eagle Mines by 0.6% in the 3rd quarter. Swiss National Bank now owns 1,506,558 shares of the mining company’s stock valued at $121,558,000 after buying an additional 9,400 shares during the period. 68.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AEM has been the topic of a number of recent research reports. Royal Bank of Canada raised their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. TD Securities boosted their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. UBS Group assumed coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price on the stock. Jefferies Financial Group boosted their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, Scotiabank upped their price target 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and a consensus price target of $86.78.

Agnico Eagle Mines Stock Performance

AEM opened at $83.57 on Friday. The business has a 50 day moving average price of $82.65 and a two-hundred day moving average price of $75.83. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The company has a market capitalization of $41.96 billion, a price-to-earnings ratio of 41.79, a price-to-earnings-growth ratio of 0.72 and a beta of 1.09. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year 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.