Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Fiera Capital Corp

Fiera Capital Corp decreased its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 88.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,786 shares of the mining company's stock after selling 28,783 shares during the period. Fiera Capital Corp's holdings in Agnico Eagle Mines were worth $305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AEM. Private Advisor Group LLC boosted its stake in Agnico Eagle Mines by 10.6% in the 1st quarter. Private Advisor Group LLC now owns 11,189 shares of the mining company's stock worth $667,000 after purchasing an additional 1,073 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Agnico Eagle Mines by 2.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 54,123 shares of the mining company's stock valued at $3,228,000 after acquiring an additional 1,141 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Agnico Eagle Mines in the first quarter worth approximately $2,054,000. Forsta AP Fonden raised its holdings in shares of Agnico Eagle Mines by 10.3% during the first quarter. Forsta AP Fonden now owns 107,900 shares of the mining company's stock valued at $6,440,000 after purchasing an additional 10,100 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Agnico Eagle Mines in the first quarter worth approximately $289,000. Hedge funds and other institutional investors own 68.34% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Scotiabank raised their price target on 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. UBS Group assumed coverage on shares of 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. TD Securities raised their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Jefferies Financial Group boosted their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada raised their target price 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $86.78.

Agnico Eagle Mines Trading Down 6.7 %

Shares of NYSE:AEM traded down $5.60 during trading on Monday, hitting $78.24. The company had a trading volume of 3,124,642 shares, compared to its average volume of 2,663,395. The stock has a market cap of $39.26 billion, a price-to-earnings ratio of 41.92, a price-to-earnings-growth ratio of 0.72 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 fifty day simple moving average of $82.60 and a two-hundred day simple moving average of $75.06. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $89.00.

About Agnico Eagle Mines

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.