Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 16.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,399 shares of the mining company's stock after selling 35,218 shares during the period. Janus Henderson Group PLC's holdings in Agnico Eagle Mines were worth $14,938,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp lifted its stake in Agnico Eagle Mines by 0.3% in the second quarter. Van ECK Associates Corp now owns 22,320,085 shares of the mining company's stock worth $1,459,741,000 after acquiring an additional 58,681 shares during the period. FMR LLC lifted its position in shares of Agnico Eagle Mines by 43.5% in the 3rd quarter. FMR LLC now owns 15,061,244 shares of the mining company's stock worth $1,213,311,000 after purchasing an additional 4,562,005 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Agnico Eagle Mines by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 13,281,926 shares of the mining company's stock valued at $868,638,000 after buying an additional 134,872 shares during the period. CIBC Asset Management Inc increased its holdings in Agnico Eagle Mines by 4.1% during the second 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Agnico Eagle Mines by 16.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,892,898 shares of the mining company's stock worth $474,660,000 after buying an additional 817,240 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM traded down $1.42 on Friday, hitting $83.59. 1,211,409 shares of the company were exchanged, compared to its average volume of 2,087,731. The firm has a market capitalization of $41.97 billion, a P/E ratio of 41.80, a price-to-earnings-growth ratio of 0.67 and a beta of 1.07. The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year high of $89.00. The stock's 50 day moving average price is $82.93 and its 200 day moving average price is $77.15.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AEM. Jefferies Financial Group lifted their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a report on Friday, October 4th. Royal Bank of Canada boosted their target price 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. UBS Group initiated coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They issued a "buy" rating and a $95.00 price target on the stock. Finally, Scotiabank boosted their price objective 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 issued a buy rating to the stock. According to MarketBeat, Agnico Eagle Mines has an average rating of "Moderate Buy" and a consensus target price 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.