Euro Pacific Asset Management LLC Has $47.83 Million Position in Agnico Eagle Mines Limited (NYSE:AEM)

Euro Pacific Asset Management LLC lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 592,867 shares of the mining company's stock after selling 16,871 shares during the period. Agnico Eagle Mines comprises 8.8% of Euro Pacific Asset Management LLC's investment portfolio, making the stock its biggest holding. Euro Pacific Asset Management LLC owned 0.12% of Agnico Eagle Mines worth $47,831,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC increased its stake in Agnico Eagle Mines by 3.0% in the 3rd quarter. Empowered Funds LLC now owns 43,464 shares of the mining company's stock valued at $3,501,000 after buying an additional 1,251 shares during the last quarter. Black Swift Group LLC purchased a new stake in Agnico Eagle Mines in the 3rd quarter valued at about $685,000. Metis Global Partners LLC increased its stake in Agnico Eagle Mines by 16.1% in the 3rd quarter. Metis Global Partners LLC now owns 51,899 shares of the mining company's stock valued at $4,181,000 after buying an additional 7,209 shares during the last quarter. Huntington National Bank increased its stake in Agnico Eagle Mines by 261.4% in the 3rd quarter. Huntington National Bank now owns 1,424 shares of the mining company's stock valued at $115,000 after buying an additional 1,030 shares during the last quarter. Finally, Regal Partners Ltd increased its stake in Agnico Eagle Mines by 36.4% in the 3rd quarter. Regal Partners Ltd now owns 169,448 shares of the mining company's stock valued at $13,651,000 after buying an additional 45,262 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Stock Performance

AEM traded down $0.88 on Friday, hitting $76.76. The company's stock had a trading volume of 1,663,802 shares, compared to its average volume of 2,672,932. The company's 50 day simple moving average is $82.43 and its 200-day simple moving average is $75.34. The firm has a market cap of $38.51 billion, a P/E ratio of 38.38, a price-to-earnings-growth ratio of 0.66 and a beta of 1.09. Agnico Eagle Mines Limited has a 12 month low of $44.37 and a 12 month high of $89.00. The company has a quick ratio of 0.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Analyst Upgrades and Downgrades

Several research firms have commented on AEM. Jefferies Financial Group increased their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a research note on Friday, October 4th. TD Securities raised their price target on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. UBS Group assumed coverage on shares of Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a "buy" rating and a $95.00 price target for the company. 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. Finally, Scotiabank raised 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 investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Agnico Eagle Mines has a consensus rating of "Moderate Buy" and an average price target of $86.78.

Agnico Eagle Mines Company 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.