Stifel Financial Corp Has $38 Million Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Stifel Financial Corp boosted its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 6.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 471,686 shares of the mining company's stock after acquiring an additional 27,584 shares during the quarter. Stifel Financial Corp owned 0.09% of Agnico Eagle Mines worth $37,999,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC increased its stake in shares of Agnico Eagle Mines by 1,134.4% in the 2nd 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 bought a new position in Agnico Eagle Mines in the second quarter valued at about $32,000. FSC Wealth Advisors LLC acquired a new position in Agnico Eagle Mines during the third quarter worth about $32,000. McClarren Financial Advisors Inc. lifted its holdings in shares of Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company's stock worth $41,000 after acquiring an additional 445 shares during the last quarter. Finally, WASHINGTON TRUST Co boosted its stake in shares of Agnico Eagle Mines by 92.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 730 shares of the mining company's stock valued at $48,000 after purchasing an additional 350 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AEM has been the subject of a number of research analyst reports. UBS Group assumed coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a "buy" rating and a $95.00 price objective for the company. Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Jefferies Financial Group raised their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a report on Friday, October 4th. Finally, Scotiabank boosted their price objective on Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $86.78.

Agnico Eagle Mines Trading Down 1.7 %

Shares of NYSE AEM traded down $1.42 during trading on Friday, reaching $83.59. The company had a trading volume of 1,211,409 shares, compared to its average volume of 2,087,731. The stock has a market cap of $41.97 billion, a P/E ratio of 41.80, a PEG ratio of 0.67 and a beta of 1.07. The company's fifty day moving average price is $82.93 and its 200-day moving average price is $77.09. 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 Limited has a 12 month low of $44.37 and a 12 month high of $89.00.

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.