Entropy Technologies LP acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 9,493 shares of the mining company’s stock, valued at approximately $1,609,000.
Several other large investors have also recently modified their holdings of the company. Capital World Investors raised its stake in shares of Agnico Eagle Mines by 2.8% during the 4th quarter. Capital World Investors now owns 21,338,277 shares of the mining company’s stock worth $3,618,730,000 after acquiring an additional 572,473 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Agnico Eagle Mines by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 20,979,666 shares of the mining company’s stock worth $3,557,772,000 after acquiring an additional 309,717 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Agnico Eagle Mines by 21.6% during the 4th quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company’s stock worth $2,920,258,000 after acquiring an additional 3,062,705 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Agnico Eagle Mines by 1.7% during the 4th quarter. TD Asset Management Inc now owns 9,665,456 shares of the mining company’s stock worth $1,641,239,000 after acquiring an additional 165,263 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Agnico Eagle Mines by 0.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,629,935 shares of the mining company’s stock worth $1,463,166,000 after acquiring an additional 40,190 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.
Agnico Eagle Mines Price Performance
NYSE:AEM opened at $171.68 on Tuesday. The firm’s fifty day moving average is $189.34 and its two-hundred day moving average is $194.60. The firm has a market cap of $85.92 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 3.57 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. Agnico Eagle Mines Limited has a one year low of $114.60 and a one year high of $255.24.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Canadian Imperial Bank of Commerce raised their price target on shares of Agnico Eagle Mines from C$304.00 to C$310.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Scotiabank reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. Erste Group Bank cut shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Zacks Research cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Barclays assumed coverage on shares of Agnico Eagle Mines in a report on Thursday, May 21st. They issued an “overweight” rating and a $213.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $236.08.
View Our Latest Stock Analysis on Agnico Eagle Mines
About Agnico Eagle Mines
Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.
Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.
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