Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 8.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,621 shares of the mining company's stock after buying an additional 7,099 shares during the period. Natixis Advisors LLC's holdings in Agnico Eagle Mines were worth $6,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sapient Capital LLC grew its stake in Agnico Eagle Mines by 1.3% during the 3rd quarter. Sapient Capital LLC now owns 11,001 shares of the mining company's stock valued at $886,000 after purchasing an additional 145 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in Agnico Eagle Mines by 2.2% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,217 shares of the mining company's stock worth $472,000 after purchasing an additional 158 shares in the last quarter. Azzad Asset Management Inc. ADV grew its stake in shares of Agnico Eagle Mines by 0.3% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 61,820 shares of the mining company's stock worth $4,043,000 after purchasing an additional 189 shares during the period. Lombard Odier Asset Management Europe Ltd increased its holdings in shares of Agnico Eagle Mines by 0.4% during the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 49,651 shares of the mining company's stock valued at $3,248,000 after purchasing an additional 190 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its stake in shares of Agnico Eagle Mines by 4.8% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 4,192 shares of the mining company's stock valued at $269,000 after purchasing an additional 192 shares during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Up 0.9 %

Shares of NYSE AEM traded up $0.73 during trading on Friday, hitting $84.30. 1,446,421 shares of the company were exchanged, compared to its average volume of 2,656,994. Agnico Eagle Mines Limited has a 12-month low of $44.37 and a 12-month high of $89.00. The firm has a market capitalization of $42.32 billion, a PE ratio of 41.79, a P/E/G ratio of 0.72 and a beta of 1.09. The company has a fifty day moving average price of $82.65 and a 200-day moving average price of $75.83. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AEM shares. Jefferies Financial Group lifted their price objective on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a report on Friday, October 4th. Scotiabank increased their price target 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 raised their price objective on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. TD Securities upped their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Finally, UBS Group began coverage on shares of Agnico Eagle Mines in a research note 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 assigned a buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines currently has an average rating of "Moderate Buy" and a consensus price target of $86.78.

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.