Agnico Eagle Mines Limited (NYSE:AEM) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 34.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,503 shares of the mining company’s stock after purchasing an additional 8,023 shares during the period. Cerity Partners LLC’s holdings in Agnico Eagle Mines were worth $2,538,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Continuum Advisory LLC grew its holdings in shares of Agnico Eagle Mines by 1,134.4% in the second quarter. Continuum Advisory LLC now owns 395 shares of the mining company’s stock valued at $26,000 after purchasing an additional 363 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Agnico Eagle Mines during the second quarter worth about $32,000. FSC Wealth Advisors LLC acquired a new position in Agnico Eagle Mines in the 3rd quarter valued at $32,000. McClarren Financial Advisors Inc. raised its stake in shares of Agnico Eagle Mines by 684.6% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock worth $41,000 after buying an additional 445 shares in the last quarter. Finally, WASHINGTON TRUST Co lifted its stake in shares of Agnico Eagle Mines by 92.1% in the second quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company’s stock valued at $48,000 after purchasing an additional 350 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on AEM. Jefferies Financial Group raised their target price 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. Royal Bank of Canada increased their price objective on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. UBS Group began coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They issued a “buy” rating and a $95.00 target price for the company. Finally, Scotiabank lifted 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 note on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average target price of $86.78.

Agnico Eagle Mines Trading Up 1.0 %

Shares of NYSE:AEM opened at $84.42 on Monday. The company’s 50-day moving average price is $82.80 and its 200 day moving average price is $76.57. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $89.00. The company has a market cap of $42.38 billion, a PE ratio of 42.21, a P/E/G ratio of 0.66 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines 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.