Candriam Luxembourg S.C.A. raised its holdings in Agnico Eagle Mines Ltd (NYSE:AEM) (TSE:AEM) by 88.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 351,102 shares of the mining company’s stock after buying an additional 165,085 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Agnico Eagle Mines were worth $16,262,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Stifel Financial Corp increased its holdings in Agnico Eagle Mines by 136.3% in the 3rd quarter. Stifel Financial Corp now owns 94,727 shares of the mining company’s stock valued at $4,282,000 after buying an additional 54,646 shares during the period. High Pointe Capital Management LLC grew its holdings in shares of Agnico Eagle Mines by 29.0% in the 4th quarter. High Pointe Capital Management LLC now owns 6,270 shares of the mining company’s stock worth $290,000 after purchasing an additional 1,410 shares during the last quarter. Swiss National Bank grew its holdings in shares of Agnico Eagle Mines by 1.6% in the 3rd quarter. Swiss National Bank now owns 2,070,553 shares of the mining company’s stock worth $93,601,000 after purchasing an additional 31,700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Agnico Eagle Mines by 2.1% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 797,109 shares of the mining company’s stock worth $36,005,000 after purchasing an additional 16,304 shares during the last quarter. Finally, Bennicas & Associates Inc. bought a new stake in shares of Agnico Eagle Mines in the 3rd quarter worth about $974,000. 58.09% of the stock is currently owned by hedge funds and other institutional investors.

AEM has been the topic of several analyst reports. Royal Bank of Canada set a $53.00 target price on shares of Agnico Eagle Mines and gave the stock a “hold” rating in a report on Monday, October 23rd. TD Securities set a $53.00 target price on shares of Agnico Eagle Mines and gave the stock a “hold” rating in a report on Thursday, October 19th. Credit Suisse Group reaffirmed a “buy” rating and issued a $62.00 target price on shares of Agnico Eagle Mines in a report on Friday, January 26th. CSFB upped their target price on shares of Agnico Eagle Mines from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, December 28th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $77.00 target price on shares of Agnico Eagle Mines in a report on Thursday, December 28th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus price target of $58.05.

Agnico Eagle Mines Ltd (NYSE AEM) opened at $44.05 on Tuesday. The stock has a market cap of $9,927.19, a PE ratio of 37.26, a P/E/G ratio of 41.67 and a beta of -0.60. The company has a current ratio of 3.85, a quick ratio of 2.70 and a debt-to-equity ratio of 0.28. Agnico Eagle Mines Ltd has a 52-week low of $39.30 and a 52-week high of $51.86.

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Agnico Eagle Mines Company Profile

Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.

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Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

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