Sumitomo Mitsui Trust Group Inc. Has $2.87 Million Position in Agnico Eagle Mines Limited (NYSE:AEM)

Sumitomo Mitsui Trust Group Inc. reduced its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 23.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 35,564 shares of the mining company's stock after selling 10,968 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in Agnico Eagle Mines were worth $2,865,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEM. Acadian Asset Management LLC increased its holdings in shares of Agnico Eagle Mines by 12.5% in the first quarter. Acadian Asset Management LLC now owns 7,200 shares of the mining company's stock valued at $429,000 after purchasing an additional 799 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in Agnico Eagle Mines by 89.2% in the 1st quarter. UniSuper Management Pty Ltd now owns 7,000 shares of the mining company's stock valued at $418,000 after buying an additional 3,300 shares during the last quarter. LGT Group Foundation raised its holdings in Agnico Eagle Mines by 15.6% in the 1st quarter. LGT Group Foundation now owns 157,518 shares of the mining company's stock valued at $9,397,000 after acquiring an additional 21,258 shares during the period. Capital World Investors lifted its position in Agnico Eagle Mines by 0.8% during the first quarter. Capital World Investors now owns 9,769,275 shares of the mining company's stock worth $582,529,000 after acquiring an additional 79,275 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Agnico Eagle Mines by 9.9% during the first quarter. Canada Pension Plan Investment Board now owns 1,714,537 shares of the mining company's stock worth $102,334,000 after acquiring an additional 155,075 shares during the period. Institutional investors own 68.34% of the company's stock.

Analyst Ratings Changes

AEM has been the subject of several research reports. TD Securities lifted their price target on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. 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 report on Monday, August 19th. Jefferies Financial Group increased their target price 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. Royal Bank of Canada increased their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, UBS Group assumed coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $86.78.

Agnico Eagle Mines Price Performance

AEM stock traded up $2.46 during trading on Tuesday, reaching $82.45. 2,024,059 shares of the company were exchanged, compared to its average volume of 2,673,679. The company has a market capitalization of $41.39 billion, a price-to-earnings ratio of 40.73, a P/E/G ratio of 0.67 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The company has a 50-day moving average of $82.47 and a two-hundred day moving average of $75.60. Agnico Eagle Mines Limited has a twelve month low of $44.37 and a twelve 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.