Metis Global Partners LLC Boosts Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

Metis Global Partners LLC lifted its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 16.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 51,899 shares of the mining company's stock after acquiring an additional 7,209 shares during the quarter. Metis Global Partners LLC's holdings in Agnico Eagle Mines were worth $4,181,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI grew its stake in shares of Agnico Eagle Mines by 27.9% during the first quarter. National Bank of Canada FI now owns 4,007,554 shares of the mining company's stock valued at $239,051,000 after buying an additional 874,920 shares during the last quarter. TD Asset Management Inc increased its stake in Agnico Eagle Mines by 10.3% in the 2nd quarter. TD Asset Management Inc now owns 5,852,648 shares of the mining company's stock worth $382,720,000 after purchasing an additional 546,542 shares during the period. Progeny 3 Inc. bought a new stake in Agnico Eagle Mines in the second quarter valued at approximately $18,151,000. Canada Pension Plan Investment Board grew its holdings in shares of Agnico Eagle Mines by 14.7% in the second 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 increased its stake in shares of Agnico Eagle Mines by 4.1% in the second quarter. CIBC Asset Management Inc now owns 6,083,606 shares of the mining company's stock worth $397,657,000 after buying an additional 237,347 shares during the period. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 1.1 %

NYSE:AEM traded down $0.88 during mid-day trading on Friday, hitting $76.76. 1,648,993 shares of the company's stock were exchanged, compared to its average volume of 2,672,932. Agnico Eagle Mines Limited has a one year low of $44.37 and a one year high of $89.00. 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 market cap of $38.51 billion, a PE ratio of 38.38, a P/E/G ratio of 0.66 and a beta of 1.09. The business has a fifty day moving average price of $82.43 and a 200 day moving average price of $75.34.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. TD Securities boosted their price objective on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Jefferies Financial Group upped their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Royal Bank of Canada boosted their target price on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an "outperform" rating in a research note 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 upped 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 report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $86.78.

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.