Ionic Capital Management LLC purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,000 shares of the mining company’s stock, valued at approximately $678,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of AEM. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Agnico Eagle Mines by 42.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock valued at $11,088,000 after acquiring an additional 19,647 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Agnico Eagle Mines by 1.5% during the 3rd quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock valued at $1,600,436,000 after acquiring an additional 143,645 shares in the last quarter. Gunderson Capital Management Inc. boosted its position in shares of Agnico Eagle Mines by 187.6% during the 4th quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock valued at $8,155,000 after acquiring an additional 31,378 shares in the last quarter. TB Alternative Assets Ltd. boosted its position in shares of Agnico Eagle Mines by 34.2% during the 4th quarter. TB Alternative Assets Ltd. now owns 229,630 shares of the mining company’s stock valued at $38,929,000 after acquiring an additional 58,490 shares in the last quarter. Finally, Cannell & Spears LLC boosted its stake in shares of Agnico Eagle Mines by 15.0% in the 3rd quarter. Cannell & Spears LLC now owns 559,751 shares of the mining company’s stock valued at $94,352,000 after purchasing an additional 72,932 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.
Agnico Eagle Mines Stock Down 1.6%
Shares of NYSE:AEM opened at $173.08 on Thursday. Agnico Eagle Mines Limited has a 52 week low of $114.60 and a 52 week high of $255.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. The company’s fifty day moving average is $187.98 and its 200-day moving average is $194.62. The company has a market capitalization of $86.42 billion, a PE ratio of 16.27, a P/E/G ratio of 3.86 and a beta of 0.56.
Analyst Ratings Changes
Several brokerages have recently commented on AEM. Erste Group Bank downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Barclays began coverage on shares of Agnico Eagle Mines in a research note on Thursday, May 21st. They issued an “overweight” rating and a $213.00 target price on the stock. Canadian Imperial Bank of Commerce boosted their target price on shares of Agnico Eagle Mines from C$304.00 to C$310.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research note on Monday, May 4th. Finally, Zacks Research downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $236.08.
Agnico Eagle Mines Profile
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.
Featured Stories
- Five stocks we like better than Agnico Eagle Mines
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Want to see what other hedge funds are holding AEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM).
Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.
