Pathstone Holdings LLC Increases Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Pathstone Holdings LLC boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 1.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,468 shares of the mining company’s stock after buying an additional 230 shares during the quarter. Pathstone Holdings LLC’s holdings in Agnico Eagle Mines were worth $1,327,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Continuum Advisory LLC raised 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 during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in Agnico Eagle Mines in the 2nd quarter valued at about $32,000. FSC Wealth Advisors LLC bought a new position in shares of Agnico Eagle Mines during the 3rd quarter worth approximately $32,000. McClarren Financial Advisors Inc. boosted its stake in shares of Agnico Eagle Mines by 684.6% in 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 during the last quarter. Finally, WASHINGTON TRUST Co grew its holdings 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 acquiring an additional 350 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Down 0.7 %

AEM opened at $83.55 on Friday. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $89.00. The company has a market cap of $41.95 billion, a PE ratio of 41.78, a price-to-earnings-growth ratio of 0.70 and a beta of 1.09. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $82.74 and a 200 day moving average of $76.35.

Analyst Ratings Changes

AEM has been the topic of several research analyst reports. TD Securities boosted their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Scotiabank increased their price target on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group lifted their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. UBS Group began coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 target price for the company. Finally, Royal Bank of Canada raised their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.78.

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.