Hillsdale Investment Management Inc. lifted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 414,943 shares of the mining company’s stock after purchasing an additional 6,722 shares during the period. Agnico Eagle Mines comprises about 1.9% of Hillsdale Investment Management Inc.’s holdings, making the stock its 7th largest position. Hillsdale Investment Management Inc.’s holdings in Agnico Eagle Mines were worth $70,492,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of AEM. Capital World Investors lifted its position in shares of Agnico Eagle Mines by 20.0% during the 3rd quarter. Capital World Investors now owns 20,765,804 shares of the mining company’s stock worth $3,497,470,000 after purchasing an additional 3,462,968 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Agnico Eagle Mines by 566.2% during the 3rd quarter. Lazard Asset Management LLC now owns 888,239 shares of the mining company’s stock worth $149,593,000 after purchasing an additional 754,919 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Agnico Eagle Mines by 26,635.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 736,835 shares of the mining company’s stock worth $124,916,000 after purchasing an additional 734,079 shares during the last quarter. Korea Investment CORP lifted its position in shares of Agnico Eagle Mines by 138.5% during the 3rd quarter. Korea Investment CORP now owns 972,595 shares of the mining company’s stock worth $163,847,000 after purchasing an additional 564,723 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Agnico Eagle Mines during the 3rd quarter worth $68,467,000. 68.34% of the stock is owned by hedge funds and other institutional investors.
Agnico Eagle Mines Price Performance
Shares of NYSE:AEM opened at $183.56 on Friday. The company has a 50-day simple moving average of $195.01 and a 200-day simple moving average of $194.38. Agnico Eagle Mines Limited has a one year low of $114.60 and a one year 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 stock has a market capitalization of $91.87 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 3.88 and a beta of 0.58.
Wall Street Analyst Weigh In
AEM has been the subject of several recent analyst reports. TD Securities lifted their price objective on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Canadian Imperial Bank of Commerce lifted their price objective on shares of Agnico Eagle Mines from C$304.00 to C$310.00 and gave the stock an “outperform” rating in a research report on Tuesday. Scotiabank reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Agnico Eagle Mines in a research report on Tuesday, February 17th. Barclays initiated coverage on shares of Agnico Eagle Mines in a research report on Thursday, May 21st. They set an “overweight” rating and a $213.00 price objective for the company. Finally, UBS Group decreased their price objective on shares of Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $236.08.
Agnico Eagle Mines Company 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.
See Also
- Five stocks we like better than Agnico Eagle Mines
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
- Dollar Tree Keeps Winning After Family Dollar Divorce
- Apple’s Agentic AI Plans Could Be Its Biggest Growth Story Yet
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.
