Cerity Partners LLC Grows Position in Agnico Eagle Mines Limited (NYSE:AEM)

Cerity Partners LLC lifted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 34.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,503 shares of the mining company's stock after purchasing an additional 8,023 shares during the quarter. Cerity Partners LLC's holdings in Agnico Eagle Mines were worth $2,538,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AEM. Connor Clark & Lunn Investment Management Ltd. grew its stake in Agnico Eagle Mines by 16.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company's stock valued at $474,660,000 after acquiring an additional 817,240 shares during the last quarter. TD Asset Management Inc grew its position in shares of Agnico Eagle Mines by 10.3% in the second quarter. TD Asset Management Inc now owns 5,852,648 shares of the mining company's stock valued at $382,720,000 after purchasing an additional 546,542 shares during the last quarter. Progeny 3 Inc. purchased a new position in shares of Agnico Eagle Mines during the 2nd quarter worth approximately $18,151,000. Canada Pension Plan Investment Board raised its position in shares of Agnico Eagle Mines by 14.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,966,837 shares of the mining company's stock worth $128,617,000 after purchasing an additional 252,300 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Agnico Eagle Mines by 4.1% in the 2nd quarter. CIBC Asset Management Inc now owns 6,083,606 shares of the mining company's stock valued at $397,657,000 after buying an additional 237,347 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on AEM shares. UBS Group started coverage on Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a "buy" rating and a $95.00 price target for the company. Scotiabank lifted 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. Royal Bank of Canada upped their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Finally, Jefferies Financial Group raised their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines currently has an average rating of "Moderate Buy" and an average target price of $86.78.

Agnico Eagle Mines Trading Down 1.8 %

Shares of AEM stock traded down $1.55 during trading hours on Monday, hitting $82.87. 1,179,287 shares of the company were exchanged, compared to its average volume of 2,633,090. Agnico Eagle Mines Limited has a 1 year low of $44.37 and a 1 year high of $89.00. The firm has a fifty day moving average of $82.80 and a 200 day moving average of $76.63. The firm has a market cap of $41.61 billion, a PE ratio of 41.90, a PEG ratio of 0.66 and a beta of 1.09. 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 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.